25
Aug
10:08
Steel futures retreat on decelerating inventory decline
A decelerating decline in rebar inventories and lower apparent consumption has dragged down Chinese rebar and hot rolled coil futures after three consecutive days of gains. Theese markets also saw the biggest and third-biggest exit of funds of all commodities contracts in China on Thursday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed at CNY 4,052/tonne ($592/t), down CNY 34/t from Wednes…
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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