08
Nov
10:36
Bulls return, pushing steel futures to three-month highs
Chinese rebar and hot rolled coil futures on Wednesday were mostly traded below the previous day’s levels. But were then pushed higher rapidly before the daily trading close as bulls entered the market in large numbers, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Wednesday at CNY 3,848/tonne ($529/t), surging CNY 57/t or 1.5% on the prior trading day. The same contract for HRC&…
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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