30
Nov
08:02
Steel futures close higher as inventories diverge
Chinese rebar and hot rolled coil futures on Thursday closed higher on the prior day as some shorts left the market taking losses. However, the average intraday deal prices were still lower as negligible inventory decline disappointed the market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed at CNY 3,913/tonne ($550/t) on Thursday, up CNY 17/t on the prior trading day. …
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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