21
Feb
10:54
Steel futures inch higher on robust raw materials
With the help of robust raw material futures, Chinese rebar and hot rolled coil futures on Tuesday hiked for the sixth consecutive day despite not seeing a further recovery in steel demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 70/tonne higher than Monday at CNY 4,254/t ($619/t), while the same contract for HRC gained CNY 43/t to CNY 4,307/t.
The most-traded contrac…
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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