02
Jan
10:38
Steel futures open 2024 with significant gains
Chinese rebar and hot rolled coil futures rose significantly on Tuesday, the first trading day in 2024. But they failed to exceed previous seven-month highs set in mid-December, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 4,047/tonne ($567/t) on Tuesday, up CNY 45/t from 29 December, the last trading day before the New Year holidays. The same contract for HRC gained CNY…
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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