20
Feb
10:23
Steel futures dive deeper despite rate cut
Chinese rebar and hot rolled coil futures continued to fall on the second trading day after the Chinese New Year holiday, and the drop even accelerated, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,753/tonne ($521/t) on Tuesday, down CNY 55/t on the prior trading day. The same contract for HRC lost CNY 59/t to CNY 3,884/t.
In order to stimulate the suff…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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