31
Jan
11:08
Steel futures dive further as transactions slump
As spot deals were weak, Chinese rebar and hot rolled coil futures dived further after recent rebounds driven by the recent liquidity boost. They are approaching two-month lows registered in mid-January after declining for just two days, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,869/tonne ($542/t) on Wednesday, down CNY 44/t on the prior trading day. The same c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous