28
Jan
09:08
Rising inventories pressure ferrous futures
Chinese rebar and hot rolled coil futures recorded the biggest decline in a week on Thursday. At the same time, iron ore futures dropped below CNY 1,000/tonne for the first time this year (see separate article), weakening support for high steel prices, Kallanish notes.
On 28 January on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 110/t lower than Wednesday at CNY 4,275/t ($659/t), while the same contract for HRC closed down …
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Anonymous
Very good overview of the weekly steel market.
Anonymous