15
Nov
11:35
Steel futures drop on deteriorating macro data
Deteriorating Chinese monthly economic data hit market sentiment and outlook for the coming months, dragging down rebar and hot rolled coil futures on Monday. Expectations for demand outweighed reduced supply, with Chinese steel output declining further in October, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 111/tonne lower than the previous Friday at CNY 4,138/t ($648/t), and the January 2022 contra…
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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