11
Oct
10:19
Steel futures inch up on declining production
The sharp decline in crude steel production in late September has supported market sentiment, and pushed Chinese rebar and hot rolled coil futures higher on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 58/tonne higher than Tuesday at CNY 5,808/t ($903/t), and the same contract for HRC closed up CNY 20/t at CNY 5,833/t.
According to data from the China Iron & Steel Association (CISA), dail…
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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