13
Jan
11:41
Ferrous futures decline further under double pressure
The dual impact of a wave of cold weather and Covid-19 was still buffeting market sentiment on Wednesday. Rebar declined further and hot rolled coil reversed Tuesday's increase, Kallanish notes.
On 13 January on the Shanghai Futures Exchange May 2021 rebar futures closed CNY 34/tonne lower than Tuesday at CNY 4,293/t ($663/t), while the same contract for HRC closed down CNY 24/t at CNY 4,438/t. In Tangshan, billet prices remained uncha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous