21
Jun
11:28
Steel futures bottom out despite no demand recovery
Sentiment in futures markets eased slightly on Tuesday, sparking a bottoming out in Chinese rebar and hot rolled coil futures after slumping to a yearly low, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 75/tonne higher than Monday at CNY 4,224/t ($631/t), and the same contract for HRC closed up CNY 71/t at CNY 4,291/t.
Almost all major Chinese coking companies held a joint meeting on Monday and decided …
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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