16
Nov
07:52
Steel futures climb to multi-month highs
Chinese rebar and hot rolled coil futures continued to hike on Thursday and climbed to the highest level in the past seven and four months respectively. Just a month ago, they had touched five-month lows, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,972/tonne ($547/t), up CNY 52/t from the prior trading day. The same contract for HRC gained CNY 48/t to CNY …
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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