17
Oct
09:22
Steel futures hold steady on raw material support
Chinese rebar and hot rolled coil futures on Tuesday closed a little lower after Monday’s rebound, but the intraday transaction levels were still higher than the prior day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 10/t lower than Monday at CNY 3,647/t ($500/t), and the same contract for HRC lost CNY 6/t to CNY 3,766/t.
Raw materials prices and improved consumption…
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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