06
Jan
11:06
Rebar falls as inventory turns up
On Wednesday, Chinese hot rolled coil futures kept their upward trend, but rebar began to fall as sentiment was influenced by rising inventories in Hangzhou, Kallanish notes.
On 6 January on the Shanghai Futures Exchange May 2021 rebar futures closed CNY 14/tonne lower than Tuesday at CNY 4,377/t ($677/t), while the same contract for HRC closed up CNY 18/t at CNY 4,518/t. In Tangshan, billet prices lost CNY 20/t to CNY 3,780/t, and have continued to fluc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous