17
Nov
08:04
Steel futures edge down as inventory keeps falling
Although inventories kept falling over the past week, Chinese rebar and hot rolled coil futures lost ground after four consecutive days of gains, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 16/tonne lower than Wednesday at CNY 3,726/t ($529/t), while the same contract for HRC lost CNY 9/t to CNY 3,801/t.
Overall inventories of rebar and HRC continued to fall, but this was largely due to lower…
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Anonymous
Very good overview of the weekly steel market.
Anonymous