30
Jul
08:12
Steel futures dive to 21-month lows again
Chinese rebar and hot rolled coil futures on Tuesday dived again to 21-month lows amid market bearishness, after just two days of slow rebound, Kallanish notes.
On the Shanghai Futures Exchange (SHFE), the most-traded October 2024 rebar contract closed at CNY 3,301/tonne ($455/t) on Tuesday, down CNY 62/t from the prior trading day. The same contract for HRC lost CNY 76/t to CNY 3,448/t.
The Politburo meeting to arrange the economic …
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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