26
May
12:20
Rebounding inventories disappoint steel futures markets
The National Video and Telephone Conference on Stabilizing the Economic Market on Wednesday announced limited stimulus policies. Steel inventories meanwhile began to rebound again, and Chinese rebar and hot rolled coil futures slipped on Thursday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 36/tonne lower than Wednesday at CNY 4,505/t ($670/t), and the same contract for HRC closed down CNY 41/t at CNY 4…
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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