24
Feb
10:49
Steel futures fall as rebar inventory awaits decline
Chinese rebar and hot rolled coil futures moved downwards on Thursday as financial markets were impacted by the Russia-Ukraine war. Rebar inventory is meanwhile still awaiting a turning point, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 149/tonne lower than Wednesday at CNY 4,637/t ($733/t), and the same contract for HRC closed down CNY 113/t at CNY 4,804/t.
HRC inventory began to decline for the first time since the …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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