05
Sep
11:58
Ferrous futures edge down as market remains quiet
Markets remained quiet on Tuesday with limited news, as Chinese rebar and hot rolled coil futures were stable on the day and closed slightly lower, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Tuesday at CNY 3,799/tonne ($522/t), down CNY 14/t on the prior trading day. The same contract for HRC lost CNY 11/t to CNY 3,906/t.
The majority of spot prices kept stable on Tuesday…
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Anonymous
Very good overview of the weekly steel market.
Anonymous