23
Jul
09:46
Raw materials drag steel futures to 2024 lows
Chinese rebar and hot rolled coil futures on Tuesday dropped further to 2024 lows as raw materials dragged them down, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,397/tonne ($475/t) on Tuesday, down CNY 54/t from the prior trading day. The same contract for HRC lost CNY 51/t to CNY 3,583/t.
There was no new negative factor in the steel market on Tuesday, but it wa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous