15
Jul
13:04
Macro fears suppress steel futures, inventory trends diverge
Chinese rebar and hot rolled coil futures fell on Thursday after rebounding in the previous two days supported by production cut policies. Demand is declining but production of both materials is rising slightly, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 34/tonne lower than Wednesday at CNY 5,546/t ($858.5/t), and the same contract for HRC closed down CNY 37/t at CNY 5,962/t.
At the executive meeting of the State Counc…
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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