14
Jul
12:28
Rebar futures outperform HRC on inventory divergence
Chinese steel futures continued to tumble on Thursday amid weak demand, while different trends in inventories propel rebar futures beyond HRC to a 13-month low, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 77/t lower than Wednesday at CNY 3,833/t ($568/t), and the same contract for HRC closed down CNY 125/t at CNY 3,792/t.
Weekly rebar production hit a low in the past months, helping over…
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Anonymous
Very good overview of the weekly steel market.
Anonymous