21
Apr
12:13
Steel futures remain choppy as inventory improves limitedly
Although supply contraction in Tangshan has once again supported steel market confidence, this was partially offset by inventory levels showing limited improvement over the past week. Chinese rebar and hot rolled coil futures continued to fluctuate on Thursday and closed lower, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 48/tonne lower than Wednesday at CNY 5,058/t ($784/t), and the same contract f…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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