03
Aug
13:15
Steel futures remain weak amid negative expectations
After market expectations were hit by the Politburo meeting held last Friday, domestic spot markets have been pervaded by panic, causing Chinese rebar and hot rolled coil futures to fall further on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 167/tonne lower than Monday at CNY 5,247/t ($812/t), and the same contract for HRC closed down CNY 172/t at CNY 5,608/t.
Fresh offers started to decline rapidly in spo…
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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