07
Aug
09:44
Steel futures approach 2024 lows again
Chinese rebar and hot rolled coil futures continued to fluctuate lower on Wednesday and again approach the 2024 lows recorded on 30 July, as the market remained quiet with low demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,304/tonne ($460/t) on Wednesday, down CNY 2/t from the prior trading day. The same contract for HRC lost CNY 6/t to CNY 3,481/t.
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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