05
Mar
08:29
Steel futures hit 4-month lows on cautious guidance
As China set cautious targets for economic growth for 2024, rebar and hot rolled coil futures fell in the afternoon immediately after rising in the morning. They reached the lowest value since the end of October last year, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,723/tonne ($517/t) on Tuesday, down CNY 39/t on the prior trading day. The same contract for HRC&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous