26
Oct
11:38
Ferrous futures gains slow as inventory decline shrinks
Chinese rebar and hot rolled coil futures’ gains slowed on Thursday after two days of increases driven by stimulus announcements. Inventory decline slowed a little however, and became insufficient to push up futures further, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,685/tonne ($504/t), up CNY 12/t on the prior trading day. The same contract for HRC…
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Anonymous
Very good overview of the weekly steel market.
Anonymous