10
May
11:26
Steel futures edge down while profit margins improve
Chinese rebar and hot rolled coil futures registered only negligible losses on Wednesday, but the downward trend was still clear. There was no supportive news from either the demand or policy side, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 3/tonne lower than Tuesday at CNY 3,688/t ($533/t), but the same contract for HRC gained CNY 14/t to CNY 3,760/t.
Despite steel futures an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous