07
Sep
09:41
Ferrous futures fall as inventory trends diverge
Finished steel inventories continued to fall in the past week, but Chinese rebar and hot rolled coil futures still lost ground as not all products saw improved apparent consumption, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,795/tonne ($518/t), down CNY 22/t on the prior trading day. The same contract for HRC lost CNY 28/t to CNY 3,880/t.
Rebar stoc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous