23
Jan
08:00
Steel futures rebound marginally on raw materials boost
Chinese rebar and hot rolled coil futures edged on Tuesday slightly above the recent swing range thanks to raw materials support, as well as some positive signals in the real estate sector, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,932/tonne ($542/t) on Tuesday, up CNY 30/t on the prior trading day. The same contract for HRC gained CNY 20/t to C…
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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