07
Nov
11:58
Steel futures remain volatile despite low production
Due to the current intertwining of bullish and bearish factors in the market, Chinese rebar and hot rolled coil futures remained volatile on Monday and finally closed down, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 27/tonne lower than Friday at CNY 3,535/t ($489/t), while the same contract for HRC lost CNY 22/t to CNY 3,618/t.
There has been no clear winner so far between the positive …
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Anonymous
Very good overview of the weekly steel market.
Anonymous