16
Jul
07:33
Steel futures hold awaiting Plenary Session outcome
Chinese rebar and hot rolled coil futures held steady on Tuesday after hikes the previous day, and are still awaiting the outcome of the Plenary Session, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,544/tonne ($488/t) on Tuesday, down just CNY 7/t from the prior trading day. The same contract for HRC lost CNY 3/t to CNY 3,731/t.
The macroeconomic environment was relatively …
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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