14
Feb
13:42
Steel futures rebound after slump
Chinese rebar and hot rolled coil futures rebounded a little on Tuesday after a slump the prior day. Raw materials futures also increased. But this was just a small fluctuation rather than a sustained recovery, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 34/tonne higher than Monday at CNY 4,027/t ($591/t), while the same contract for HRC gained CNY 50/t to CNY 4,132/t…
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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