22
Aug
12:58
Steel futures rebound on robust raw materials
Chinese rebar and hot rolled coil futures rebounded on Tuesday due to support from robust raw materials including iron ore and coking coal, but sentiment in the spot market remained weak, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract ended Tuesday at CNY 3,723/tonne ($511/t), up CNY 57/t on the prior day. The same contract for HRC gained CNY 38/t to CNY 3,917/t.
Spot prices on Tue…
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Anonymous
Very good overview of the weekly steel market.
Anonymous