13
Aug
10:59
Ferrous futures dive deeper along with coke
Chinese rebar and hot rolled coil futures dived deeper on Tuesday and remained at the lowest value since the market was hit by Covid-19, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,173/tonne ($443/t) on Tuesday, down CNY 49/t from the prior trading day. The same contract for HRC lost CNY 39/t to CNY 3,335/t.
The fundamentals of steel have not changed, but negati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous