20
Dec
13:02
Steel futures rise amid fluctuation
Chinese futures markets rose amid volatility on Tuesday, but pressure on demand still weighed.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 12/tonne higher on Tuesday at CNY 3,939/t ($565/t), while the same contract for hot rolled coil gained CNY 15/t to CNY 3,996/t.
Although Shagang lowered its scrap purchase price by CNY 50/t on Tuesday, the price of coke in China remains firm, and steelmaking margins …
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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