18
Oct
09:07
Steel futures drop against falling September output
Chinese rebar and hot rolled coil futures on Wednesday dropped alongside coal-related futures, despite China’s monthly crude steel output posting a decline in September, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 32/t lower than Tuesday at CNY 3,615/t ($500/t), and the same contract for HRC lost CNY 19/t to CNY 3,747/t.
Thriving raw materials have strongly supported…
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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