15
Feb
08:28
Steel futures decline further following tumbling iron ore
Chinese iron ore futures dropped even faster on Tuesday due to more signals of price control measures initiated by central government authorities, which in turn caused a decline in rebar and hot rolled coil futures for the third day in a row, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 89/tonne lower than Monday at CNY 4,728/t ($744/t), and the same contract for HRC closed down CNY 85/t at CNY 4,843/t.
The National De…
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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