18
Mar
12:02
Rebar futures fall despite inventory decline, HRC firms
The continued demand recovery and expected US stimulus pushed up steel futures on Thursday. More bearish investors closed their positions in the afternoon however, triggering a decline for rebar, Kallanish notes.
On 18 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 26/tonne lower than Wednesday at CNY 4,759/t ($732/t). The same contract for hot rolled coil closed up CNY 21/t at CNY 5,005/t.
Rebar inven…
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Anonymous
Very good overview of the weekly steel market.
Anonymous