05
Feb
08:05
Steel futures recover slowly from three-month lows
Chinese rebar and hot rolled coil futures recovered a little on Monday from the three-month lows registered last Friday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,833/tonne ($533/t) on Monday, up just CNY 8/t on the prior trading day. The same contract for HRC gained CNY 4/t to CNY 3,971/t.
Heavy snowfall has brought transportation to a sta…
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Anonymous
Very good overview of the weekly steel market.
Anonymous