14
Aug
09:17
Ferrous futures see fastest slump in three months
Chinese rebar and hot rolled coil futures on Wednesday dived to the lowest level since November 2019 and April 2020, respectively, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,099/tonne ($434/t) on Wednesday, down CNY 74/t from the prior trading day. The same contract for HRC lost CNY 89/t to CNY 3,246/t.
Financial data for July hit macro sentiment and affected t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous