20
Jun
14:09
Steel futures dive on demand warnings
After declining steadily for a week, spot steel prices slumped over the weekend as market players came to terms with continued weak demand. Chinese rebar and hot rolled coil futures plummeted on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 205/tonne lower than Friday at CNY 4,149/t ($620/t), and the same contract for HRC closed down CNY 233/t at CNY 4,220/t. The two futures touched the …
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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