01
Nov
08:30
Steel futures bottom out as future remains blurry
Pessimism in spot and futures markets eased slightly on Tuesday after a prolonged period of decline, prompting Chinese rebar and hot rolled coil futures to rebound. Weak expectations have not been broken however, and the future is still in a fog, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 88/tonne higher than Monday at CNY 3,485/t ($479/t), while the same contract for HRC gained CNY…
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