14
Nov
07:41
Steel futures slip as bullish mood cools
Chinese rebar futures on Tuesday posted their largest daily decline in the past 20 days as macro bullish mood cooled. HRC futures declined more slowly, but had slipped quicker on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Tuesday at CNY 3,856/tonne ($529/t), down CNY 16/t from the prior trading day. The same contract for HRC lost just CNY 11/t to CNY 3,951/t.
Macr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous