11
Sep
12:46
Steel futures rebound as markets remain stable
Chinese rebar and hot rolled coil futures rebounded on Monday after Friday’s slump, but spot markets remained stable with no more bullish news, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar and HRC contract ended Monday at CNY 3,759/tonne ($516/t) and CNY 3,851/t respectively. Both of them were up CNY 42/t on the prior trading day.
The increases in raw materials futures such as coking coal boo…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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