23
Jun
11:18
Steel futures inch up on improving inventory data
Inventory pressure eased slightly this week as production fell, partly pushing volatile Chinese rebar and hot rolled coil futures higher. But the market still does not see a clear short-term trend, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 107/tonne higher than Wednesday at CNY 4,235/t ($671/t), and the same contract for HRC closed up CNY 90/t at CNY 4,285/t.
Rebar inventories turned d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous