08
Apr
11:15
Steel futures drop slightly in quieter market
Chinese rebar and hot rolled coil pulled back on Thursday. Fundamentals did not change significantly, but deal volumes began to be hit by high prices and futures corrected downwards, Kallanish notes.
On 8 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 2/tonne lower than Wednesday at CNY 5,115/t ($781/t). The October 2021 contract for HRC closed down CNY 37/t at CNY 5,490/t.
Because the decline…
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