11
Mar
10:14
Steel futures rebound as inventories near peak
Recovering demand is finally showing signs of making inventory levels top out, triggering a futures rebound on Thursday amid volatile sentiment. Steelmakers have expressed positive attitudes towards future demand, and have been lifting offer prices, Kallanish notes.
On 11 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 98/tonne higher than Wednesday at CNY 4,687/t ($722/t). The same contract for hot rolled coil cl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous