06
Jul
11:14
Steel futures remain stable despite inventory gains
An increase in overall finished steel stocks for the second consecutive week hit Chinese rebar and hot rolled coil futures during Wednesday trading, but they finally finished stable as the bulls pulled up hard, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 7/tonne higher than Wednesday at CNY 3,758/t ($519/t), while the same contract for HRC gained CNY 9/t to CNY 3,…
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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