08
Nov
13:22
Steel futures remain stable as winter arrives
Steel market fundamentals have not changed, so it is difficult for futures markets to pick out a clear trend. Chinese rebar and hot rolled coil futures only rose slightly on Tuesday after the previous day's slip, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 36/tonne higher than Monday at CNY 3,571/t ($492/t), while the same contract for HRC gained CNY 27/t to CNY 3,645/t.
Iron output …
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Anonymous
Very good overview of the weekly steel market.
Anonymous