15
Aug
14:43
Steel futures inch lower on weak macro data
On Monday, the National Bureau of Statistics (NBS) released macro and real estate data representing bad July situations. Chinese rebar and hot rolled coil futures thus inched down and bearishness grew, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed at CNY 4,126/tonne ($609/t), and the same contract for HRC closed at CNY 4,039/t.
Year-to-date, the on-year decline of China’s real estate investm…
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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