30
Oct
07:29
Steel futures rise for fifth straight trading day
Last week's positive sentiment carried over into this week and pushed Chinese rebar and hot rolled coil futures higher for a fifth straight session, despite the lack of positive news on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 16/t higher than Friday at CNY 3,740/t ($511/t), and the same contract for HRC gained CNY 12/t to CNY 3,856/t.
Spot prices also incre…
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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