23
Oct
10:36
Steel futures dive to five-month lows
Chinese rebar and hot rolled coil futures dived again on Monday to five-month lows due to bearish sentiment in major Chinese financial markets. This was the third time for rebar futures to fall to this level this year, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 38/t lower than Friday at CNY 3,572/t ($488/t), and the same contract for HRC lost CNY 23/t to CNY 3,706/t.
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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