21
Feb
08:22
Steel futures rebound on surging coal, coke futures
Following two days of slumps, Chinese rebar and hot rolled coil futures rebounded slowly on Wednesday thanks to a coal-related futures boost, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,791/tonne ($527/t) on Wednesday, up CNY 38/t on the prior trading day. The same contract for HRC gained CNY 32/t to CNY 3,916/t.
Following moves before Chinese New Year…
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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