03
Mar
10:11
Steel futures inch up as inventory proves better demand
Chinese rebar and hot rolled coil futures inched up on Thursday due to strong raw materials and expectations of further commodity price increases. HRC meanwhile still increased faster than rebar because of support from the manufacturing sector and overseas price hikes, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 20/tonne higher than Wednesday at CNY 4,880/t ($772/t), and the same contract for HRC closed up CN…
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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