14
Dec
08:40
Steel futures remain weak on falling consumption
Chinese rebar and hot rolled coil futures on Thursday remained lower than the prior day due to falling apparent consumption in the past week, after reaching highs on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,925/tonne ($550/t) on Thursday, down CNY 17/t on the prior trading day. The same contract for HRC lost CNY 11/t to CNY 4,047/t.
Overall stocks …
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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