07
Apr
12:34
Steel futures fall back after touching highs
Chinese rebar and hot rolled coil futures fell slightly on Wednesday amid a lack of further stimulus, after rising for a prolonged period. The downtrend in output meanwhile continues, Kallanish notes.
On 7 April on the Shanghai Futures Exchange, October 2021 rebar futures replaced May as the most traded contract, and closed CNY 30/tonne lower than Tuesday at CNY 5,117/t ($782/t). The May 2021 contract for HRC closed down CNY 39/t at CNY 5,527/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