02
Sep
12:09
Steel futures rebound on declining inventory
Chinese rebar and hot rolled coil futures rebounded on Thursday on falling inventory and strong coking coal and coke prices. A limited rise in demand entering September has disappointed the market, and traders are eager for the autumn demand season to kick off, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 31/tonne higher than Wednesday at CNY 5,273/t ($816/t), and the same contract for HRC closed …
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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