19
Aug
10:49
Steel futures drop further with inventory divergence
Chinese rebar and hot rolled coil futures dropped further on Thursday as market expectations were strongly hit by the poor real estate sector in July, and possible lower global market liquidity due to the Fed’s intention to slow down the pace of debt purchases, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 127/tonne lower than Wednesday at CNY 5,017/t ($772.5/t), and the same contract for HRC closed down CN…
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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