03
Jun
11:36
Steel futures rebound as rebar inventories fall
The long and short players in the futures markets continue to play games, leaving rebar and hot rolled coil contracts bouncing around their current range. Futures prices rebounded on Thursday after the previous day’s decline. A faster decline in inventories has boosted market confidence, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 146/tonne higher than Wednesday at CNY 5,148/t ($805/t), and&nbs…
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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