08
Jun
11:01
Steel futures rebound on strong raw materials
Supported by strong raw materials futures on Wednesday, Chinese rebar and hot rolled coil futures rebounded and erased declines from the previous two days Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 76/tonne higher than Tuesday at CNY 4,795/t ($715/t), and the same contract for HRC closed up CNY 58/t at CNY 4,868/t.
Demand for coking coal and coke remains strong at present, and inventories stand at his…
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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