26
Aug
09:57
Ferrous futures fall on slow inventory decline
Weekly inventory and production data on Thursday shuggested a slow recovery in steel demand. Chinese rebar and hot rolled coil futures fell back to Monday’s levels however as this was not enough to support market sentiment, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 128/tonne lower than Wednesday at CNY 5,108/t ($788/t), and the same contract for hot rolled coil closed down CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous