08
Sep
11:56
Steel futures slip on weak raw materials
Raw materials such as coking coal slumped on Wednesday because of fears caused by government criticism of some companies. As a result, Chinese rebar and hot rolled coil futures fell, in line with negative sentiment in the market, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 42/tonne lower than Tuesday at CNY 5,452/t ($844/t), and the same contract for HRC closed down CNY 45/t at CNY 5,776/t.
Yulin Coa…
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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