12
Apr
13:39
Steel futures fall amid inflation fears
Chinese rebar and hot rolled coil futures kept declining on Monday. The market was quiet and more investors profited from their long positions as expectations became weaker, Kallanish notes.
On 12 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 77/tonne lower than last Friday at CNY 4,985/t ($762/t), and the same contract for HRC closed down CNY 90/t at CNY 5,265/t.
More and more government departments h…
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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