22
Dec
12:06
Steel futures retreat after touching highs
Chinese steel futures fell back on Tuesday after market sentiment cooled, following the excited speculation on Monday. Hot rolled coil experienced a smaller decline because of stronger fundamentals, Kallanish notes.
On the Shanghai Futures Exchange the May 2021 rebar contract closed CNY 92/tonne lower than Monday at CNY 4,368/t ($667/t), while the same contract for HRC closed down CNY 44/t at CNY 4,698/t. In Tangshan, billet prices gained CNY 20/t to CNY…
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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