19
Jan
11:42
Ferrous futures drop sharply as investors seek safety
End-use steel demand was weak again on Tuesday, and investors fled futures markets after being spooked by lower iron ore prices. Hot rolled coil was again more volatile than rebar, Kallanish notes.
On 19 January on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 104/tonne lower than Monday at CNY 4,288/t ($661.84/t), and the same contract for HRC closed down CNY 119/t at CNY 4,384/t. In Tangshan, billet prices&nb…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous