16
Aug
13:59
Steel futures climb on positive real estate signals
Chinese rebar and hot rolled coil futures increased on Tuesday, wiping out the slight falls seen the previous day. Fluctuations continued, with no factors strong enough to dominate the trend, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 27/tonne higher than Monday at CNY 4,153/t ($609/t), and the same contract for HRC closed up CNY 11/t at CNY 4,050/t.
Steel market fundamentals remained …
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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