20
Jun
08:47
Steel futures keep slipping despite rate cuts
Chinese rebar and hot rolled coil futures continued to fall slowly on Tuesday as the interest cut was within expectations and insufficient to further boost futures. Futures prices had already hiked to higher levels than late-May because of macro expectations, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 9/tonne lower than Friday at CNY 3,743/t ($524/t), while the same contract fo…
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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