17
May
12:02
Steel futures keep declining on macro concern
Chinese rebar and hot rolled coil futures kept declining on Monday as the whole market was still dominated by the government’s strong statements in favour of regulation. Fundamentals are expected to weaken with the approach of June, the slack season for steel construction, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 45/tonne lower than the previous Friday at CNY 5,596/t ($869/t), while the same contract f…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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