17
Jan
13:43
Steel futures fall on weak December data
Economic data released on Monday show a decline in house construction throughout the year. Combined with a slump in coking coal and coke futures, Chinese rebar and hot rolled coil futures dropped quickly on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 111/tonne lower than Friday at CNY 4,543/t ($715.5/t), while the same contract for HRC closed down CNY 107/t at CNY 4,661/t.
Markets were hit mostly by real …
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Anonymous
Very good overview of the weekly steel market.
Anonymous