09
Nov
08:17
Steel futures remain strong on production, inventory drop
Chinese rebar and hot rolled coil futures closed slightly higher on Thursday, along with intraday average prices higher than the previous day, as some short-positions were closed to stop losses, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,853/tonne ($530/t), up CNY 5/t on the prior trading day. The same contract for HRC gained CNY 13/t to CNY 3,953/t.
Proactive cru…
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