15
May
09:56
Steel futures keep falling along with raw materials
Chinese rebar and hot rolled coil futures were still trending lower on Wednesday due to a drag from raw materials and bearish sentiment triggered by increased tariffs imposed by the US, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,621/tonne ($501/t) on Wednesday, down CNY 9/t compared with the prior trading day. The same contract for HRC gained CNY 3…
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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