22
Jul
11:51
Steel futures rebound on declining rebar inventory
Chinese rebar and hot rolled coil futures continued to show weakness on Thursday morning, but market sentiment by the afternoon was encouraged by declining rebar production and inventory. This finally pushed up steel futures, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 87/tonne higher than Wednesday at CNY 5,648/t ($874/t), and the same contract for HRC closed up CNY 29/t at CNY 5,947/t.
Shandong has announced official …
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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