07
Nov
09:45
Steel futures edge down after steady gains
Chinese rebar and hot rolled coil futures edged down on Tuesday after continuous gains to one and a half month highs in recent days. The declines were limited as there was no bearish trigger in the market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Monday at CNY 3,791/tonne ($520/t), down CNY 14/t on the prior trading day. The same contract for HRC lost just CNY 6/t t…
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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