12
Sep
12:01
Steel futures fluctuate higher
Chinese rebar and hot rolled coil futures climbed higher on Tuesday amid volatility, as improving macro data, such as August financing and property sales stimulus, supported market sentiment, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Tuesday at CNY 3,791/tonne ($520/t), up CNY 32/t on the prior trading day. The same contract for HRC gained CNY 31/t to CNY 3,882/t.
Even with macro data improving, the …
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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