20
Dec
08:29
Steel futures rebound as mortgage rate holds
Chinese rebar and hot rolled coil futures rebounded slowly from half-month lows on Wednesday, but fundamentals showed no recovery signals and steel inventories were even hiking due to low temperatures, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,940/tonne ($553/t) on Wednesday, up CNY 15/t on the prior trading day. The same contract for HRC gained CNY 28/t 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