30
Nov
09:36
Steel futures end November with slow falls
On the quiet last day of November, Chinese rebar and hot rolled coil futures fell slowly after days of gains, and spot prices also remained weak, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 17/tonne lower than Tuesday at CNY 3,748/t ($528/t), while the same contract for HRC lost CNY 18/t to CNY 3,862/t.
In addition to weak actual demand, a weaker-than-expected purchasing managers’…
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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