20
Aug
10:51
Steel futures climb further from 4-year lows
Chinese rebar and hot rolled coil futures closed higher on-day on Tuesday mainly due to the pull-up at the end of the trading day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,172/tonne ($444/t) on Tuesday, up CNY 16/t from the prior trading day. The same contract for HRC gained just CNY 41/t to CNY 3,217/t.
The steel market seemed relatively quiet, indicating that fu…
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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