13
May
08:18
Steel futures rebound despite plunging April financial data
Chinese authorities over the past weekend released disappointing financial data for April, which then impacted Chinese rebar and hot rolled coil futures on Monday. However, short positions began to be closed in the afternoon and this finally pushed up steel futures, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,686/tonne ($509/t) on Monday, up CNY 24/t compared with…
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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