23
Dec
11:27
Steel futures fall further amid risk aversion
Chinese rebar and hot rolled coil futures continued to fall back to more reasonable levels on Wednesday, driven by risk aversion. The decrease also led to the downward adjustment of billet prices, which had been rising for eight days, Kallanish notes.
On the Shanghai Futures Exchange the May 2021 rebar contract closed CNY 85/tonne lower than Tuesday at CNY 4,283/t ($655/t), while the same contract for HRC closed down CNY 89/t at CNY 4,609/t, wi…
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