05
Dec
12:20
Steel futures fall, market expects stimulus
Chinese rebar and hot rolled coil futures extended losses on Tuesday, with weaker market sentiment leading to a contraction in both futures and spot trading, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed at CNY 3,870/tonne ($542/t) on Monday, down CNY 1/t on the prior trading day. The most-traded May 2024 contract for HRC also lost CNY 13/t to CNY 3,971/t ($556/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