21
Sep
11:29
Steel futures seek direction before US interest change
Without changes in fundamentals, Chinese rebar and hot rolled coil futures continued to fluctuate within small range on Wednesday. Spot prices fell slowly because of slow transactions, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed just CNY 5/tonne higher than Tuesday at CNY 3,664/t ($522/t), while the same contract for HRC gained CNY 4/t at CNY 3,708/t.
Before the US Federal Reserve&…
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