01
Feb
09:43
Steel futures keep falling as demand weakens
Both supply and demand for rebar and hot rolled coil continue to decline seasonally. Apparent consumption and trading activity are weakening due to the approaching Chinese New Year holiday, as well as cold and rainy weather, Kallanish notes.
On 1 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 46/tonne lower than last Friday at CNY 4,221/t ($653/t), while the same contract for HRC closed down CNY 48/t at C…
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