12
Oct
14:39
Steel futures remain weak despite higher social financing
Chinese rebar and hot rolled coil futures stopped their rapid decline on Wednesday but remained weak, while the spot market also saw a slow fall in prices, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 20/tonne lower than Tuesday at CNY 3,754/t ($523/t), while the same contract for HRC lost CNY 12/t to CNY 3,770/t.
Central Bank data show that China’s September new social financ…
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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