09
May
11:25
Rebar futures resume decline but HRC stronger
Market sentiment returned to its recent depressed mood after briefly being boosted by a notice from a Tangshan district suggesting 2023 output would be capped at 2022 levels. Chinese rebar closed on Tuesday slightly lower from Monday, although hot rolled coil was firmer, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 41/tonne lower than Monday at CNY 3,691/t ($533/t), but the same …
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Anonymous
Very good overview of the weekly steel market.
Anonymous