31
Mar
14:28
Steel futures rebound as inventory supports sentiment
Supported by the decline of inventory again after a one-week rebound, Chinese rebar and hot rolled coil futures saw increases in daily average trading prices on Thursday, though the latter closed a little lower, Kallanish notes.
On the Shanghai Futures Exchange, the October 2022 rebar contract closed CNY 27/tonne higher than Wednesday at CNY 5,061/t ($798/t), but the same contract for HRC took the position of the most traded contract and closed down CNY 2/t at 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