13
Jul
09:17
Steel futures rise despite limited demand improvement
Chinese rebar and hot rolled coil futures continued to rise slowly on Thursday, for the third day in a row. But growth in demand in the past week has been very limited, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 11/tonne higher than Wednesday at CNY 3,727/t ($521/t), while the same contract for HRC gained CNY 10/t to CNY 3,829/t.
Finished steel output is now at …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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