10
Nov
11:55
Steel futures remain flat as mills boost expectations
Chinese rebar and hot rolled coil futures kept falling on Wednesday morning as coke prices collapsed again. However, declines moderated in the afternoon as steel mills announced plans to reduce supply for forward delivery contracts, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 11/tonne lower than Tuesday at CNY 4,246/t ($664/t), and the same contract for HRC closed down CNY 39/t at CNY 4,463/t.
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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