12
Aug
09:09
Rebar futures touch 52-month low
Chinese rebar and hot rolled coil futures dived deeper on Monday. Rebar futures touched the lowest level since April 2020, a few months after the first Covid-19 outbreak, but HRC futures remained above the low point in October 2022, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,222/tonne ($449/t) on Monday, down CNY 55/t from the prior trading day. The same contract for HRC lost&n…
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Anonymous
Very good overview of the weekly steel market.
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