13
Sep
12:31
Steel futures inch down on weak raw materials
Chinese rebar and hot rolled coil futures fell slightly on Monday as raw materials prices fell more sharply. Coking coal and coke prices were dragged lower by moves to limit price increases, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 2/tonne higher than last Friday at CNY 5,642/t ($874/t), but the same contract for HRC closed down CNY 53/t at CNY 5,805/t.
The Dalian Commodity Exchange plans to increase t…
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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