25
May
08:47
Steel futures keep falling on deteriorating fundamentals
Because of deteriorating fundamentals shown by weekly production and inventory data, Chinese rebar and hot rolled coil futures on Thursday kept falling. The pace has decelerated however after futures had slumped and touched seven-month lows on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 34/tonne lower than Wednesday at CNY 3,432/t ($485/t), while the same contract for HRC …
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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