27
Oct
10:28
Fleeing funds drags down steel futures
As the Zhengzhou Commodity Exchange (ZCE) put pressure on thermal coal futures again, coal-related futures saw another sharp drop. This triggered a full risk aversion in the market, with investors closing positions, which in turn caused steel futures to fall on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 262/tonne lower than Tuesday at CNY 4,655/t ($728/t), and the same contract for HRC closed …
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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