16
Jun
12:57
Ferrous futures fall further on rising inventory
Chinese rebar and hot rolled coil futures kept falling for the fourth straight day on Thursday due to sluggish demand, coupled with rising inventory, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 41/tonne lower than Wednesday at CNY 4,506/t ($671/t), and the same contract for HRC closed down CNY 44/t at CNY 4,609/t.
The high level of inventory runs in sharp contrast to weak demand, and has continued to p…
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