23
Feb
10:26
Ferrous futures stay put as demand recovery slows down
Despite support from rising coking coal and coke futures after a terrible mine accident, Chinese rebar and hot rolled coil futures were steady on Thursday. Inventories revealed a slowdown in the demand recovery, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 9/tonne lower than Wednesday at CNY 4,228/t ($613/t), while the same contract for HRC lost CNY 2/t to CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous