06
Jun
08:19
Steel futures rise despite lacklustre spot trading
Chinese rebar and hot rolled coil futures on Tuesday firmed for the fifth day in a row on falling steel production reported by the China Iron & Steel Association (CISA). However, the daily gain was the lowest in the past five trading days, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 3/tonne higher than Monday at CNY 3,641/t ($512/t), while the same contract for HRC rema…
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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