06
Mar
07:57
Steel futures drop further from 4-month lows
Chinese rebar and hot rolled coil futures continued to trade lower on Wednesday, after touching four-month lows on Tuesday, as the long-awaited “Two Sessions” meetings failed to excite sentiment, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,712/tonne ($516/t) on Wednesday, down CNY 11/t on the prior trading day. The same contract for HRC lost…
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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