12
May
11:03
Steel futures inch down under inventory pressure
The weekly executive meeting of the State Council focused on securing jobs rather than economic growth, disappointing financial markets. This dampened Chinese rebar and hot rolled coil futures on Thursday alongide an unsatisfactory inventory decline and rising production, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 69/tonne lower than Wednesday at CNY 4,612/t ($679/t), and the same contract fo…
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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