05
Sep
13:13
Steel futures rebound after one-week slump
After a week of slumping, Chinese rebar and hot rolled coil futures rebounded on Monday, though some market participants warned of insufficient support from fundamentals, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 contract closed CNY 54/t higher than Friday at CNY 3,691/t ($532/t), and the same contract for HRC closed up CNY 42/t at CNY 3,742/t.
China last week lifted some restrictions on iron ore…
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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