12
Mar
09:29
Steel futures edge higher on rebounding coal
Chinese rebar and hot rolled coil futures closed higher on Tuesday because of rebounding coking coal futures, despite their average daily trading prices still being lower than Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,636/tonne ($507/t) on Tuesday, up CNY 30/t on the prior trading day. The same contract for HRC gained CNY 37/t to CNY 3,804/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