12
Jun
09:57
Steel futures slip after consecutive gains
Chinese rebar and hot rolled coil futures slipped marginally on Monday after consecutive days of gains, signaling the possible establishment of a plateau as hopes for stimulus are near exhaustion, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 59/tonne lower than Friday at CNY 3,652/t ($512/t), while the same contract for HRC lost CNY 60/t to CNY 3,763/t.
Weak CPI and PP…
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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