13
Oct
10:14
Steel futures keep falling amid high volatility
Due to the decline in post-holiday transactions hitting market sentiment and fears over real estate, futures speculators are pulling out of steel contracts. This triggered another drop in Chinese rebar and hot rolled coil futures on Wednesday and prices are expected to remain volatile, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 141/tonne lower than Tuesday at CNY 5,421/t ($841/t), and the same contr…
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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