15
Jan
09:01
Steel futures fluctuate lower on production rebound
Chinese rebar and hot rolled coil futures fluctuated lower slowly on Monday since crude steel production was trending higher, while the market was still quiet, Kallanish notes.
On the Shanghai Futures Exchange (SHFE), the most-traded May 2024 rebar contract closed at CNY 3,896/tonne ($546/t) on Monday, down CNY 6/t on the prior trading day. The same contract for HRC gained CNY 9/t to CNY 4,017/t.
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Anonymous
Very good overview of the weekly steel market.
Anonymous