08
Jan
09:54
Steel futures dive deeper alongside raw materials
Besides falling steel transactions, weakening raw materials futures also pushed Chinese rebar and hot rolled coil futures to dive deeper on Monday, Kallanish notes.
On the Shanghai Futures Exchange (SHFE), the most-traded May 2024 rebar contract closed at CNY 3,950/tonne ($553/t) on Monday, down CNY 29/t on the prior trading day. The same contract for HRC lost CNY 28/t to CNY 4,051/t.
Steel transactions have been tren…
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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