25
Jan
09:03
Steel futures edge up as inventory hikes
Chinese rebar and hot rolled coil futures on Thursday edged up for the third consecutive day on the government's liquidity boost, despite overall finished steel inventories continuing to rise, Kallanish notes. The daily increase in steel futures continued to shrink in the past three days.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,967/tonne ($555/t) on Thursday, up CNY 12/t on th…
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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