10
Jan
10:28
Steel futures inch down on production resumption
After increasing quickly last week, Chinese rebar and hot rolled coil futures inched down on Monday due to the ongoing ramping up of steel production, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 34/tonne lower than Friday at CNY 4,492/t ($705/t), while the same contract for HRC closed down CNY 45/t at CNY 4,632/t.
The China Iron & Steel Association states that daily steel output of key steel enterp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous