26
Jun
09:16
Steel futures go down as bearishness accumulates
Chinese rebar and hot rolled coil futures were subdued after markets reopened on Monday as bearishness built up during the holiday break, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 19/tonne lower than last Wednesday, the prior trading day, at CNY 3,667/t ($507/t), while the same contract for HRC lost CNY 31/t to CNY 3,755/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