18
Jul
09:41
Steel futures hold as weak sentiment remains
Chinese rebar and hot rolled coil futures on Thursday closed higher than the previous day as the market calmed down after Wednesday’s sudden declines, but the average intraday transaction prices were still lower on-day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,492/tonne ($481/t) on Thursday, up CNY 5/t from the prior trading day. The same contract for HRC also gained&nb…
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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