07
Apr
11:52
Rebounding stocks weigh on Chinese ferrous futures
After hitting a high on Wednesday, Chinese rebar and hot rolled coil futures fell slowly after rebounding stocks demonstrated weak demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 51/tonne lower than Wednesday at CNY 5,070/t ($797/t), and the same contract for HRC closed down CNY 40/t at CNY 5,228/t.
Market sentiment, so far driven by hopes for stimulus, was hit by a rebound in inventories on T…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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