06
Aug
09:48
Steel futures drop despite CISA output slump
Chinese rebar and hot rolled coil futures fell again on Tuesday, approaching the bottom of the range in which they have traded over the past week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,306/tonne ($463/t) on Tuesday, down CNY 61/t from the prior trading day. The same contract for HRC lost CNY 39/t to CNY 3,487/t.
Against the backdrop of weak demand and incr…
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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