23
Sep
10:53
Steel futures fall back on weak inventory performances
As weak demand has slowed inventory decline in the past week, market confidence has also fallen and Chinese rebar and hot rolled coil futures corrected lower on Thursday, Kallanish reports.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 51/tonne lower than Wednesday at CNY 5,605/t ($866.5/t), and the same contract for HRC closed down CNY 149/t at CNY 5,612/t.
A slower-than-expected inventory decline suggests the demand recov…
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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