27
Jul
10:36
Steel futures climb higher on inventory decline
Although end user demand has not been boosted, policy and the possible annual steel production cap still dominated market hype and pushed up Chinese rebar and hot rolled coil futures on Thursday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 10/tonne higher than Wednesday at CNY 3,861/t ($541/t), while the same contract for HRC gained CNY 29/t to CNY 4,080/t.
The o…
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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