14
Jun
11:19
Steel futures slip further on crumbling confidence
In just two days this week, Chinese rebar and hot rolled coil futures fell back to levels seen a fortnight ago when they started their rally, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 74/tonne lower than Monday at CNY 4,617/t ($687/t), and the same contract for HRC closed down CNY 83/t at CNY 4,697/t.
Record US inflation in May and expectations of an interest rate hike are continuing to impact global…
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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