02
Nov
07:58
Steel futures hold steady as inventory decline continues
Chinese rebar and hot rolled coil futures continued to hold steady on Thursday as fundamentals remained unchanged, and weekly inventory changes brought no further support, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 7/t higher than Wednesday at CNY 3,756/t ($509/t), but the same contract for HRC lost CNY 8/t to CNY 3,858/t.
The production of both rebar and HRC hiked in the…
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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