12
Jul
11:41
Steel futures continue to dive
Amid the pessimism over slowing global economic growth and depressed steel demand, Chinese rebar and hot rolled coil futures continues to dive on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 139/tonne lower than Monday at CNY 3,910/t ($581/t), and the same contract for HRC closed down CNY 133/t at CNY 3,916/t.
On Tuesday, the National Development and Reform Commission issued the "14th…
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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