24
Jan
08:45
Steel futures inch down on weak demand
Transactions in spot markets are naturally moving downward towards a stoppage during the Spring Festival holiday, while a decline in coke prices began to weaken steelmaking cost support. Chinese rebar and hot rolled coil futures inched down on Monday after reaching recent highs last week, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 46/tonne lower than Friday at CNY 4,665/t ($736/t), while the same contract for HRC…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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