07
May
10:25
Steel futures slide as market sentiment calms
After the market exploded into life on Monday following the silence seen during the Labour Day holidays, Chinese rebar and hot rolled coil futures closed lower on Tuesday as the market calmed again. Average intraday trading prices were nevertheless still higher than Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,723/tonne ($516/t) on Tuesday, down CNY 12/t compare…
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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