08
Jun
11:39
Steel futures rebound slightly in calm market
Chinese rebar and hot rolled coil futures rebounded slightly on Tuesday in a quiet market. The rainy season and high temperatures were still putting pressure on prices, however, and as a result the rebound only wiped out a quarter of the previous day's decline, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 45/tonne higher than Monday at CNY 5,004/t ($782/t), and the same contract for HRC closed up CNY 36/t at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous