09
Oct
09:30
Steel futures slump against production cuts
Chinese rebar and hot rolled coil futures fell in line with weak spot transactions on the first trading day after the National Day holiday. Production cuts gradually beginning to roll out failed to provide support for the time being, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed Monday at CNY 3,638/tonne ($499/t), down CNY 52/t on the previous trading day on 28 September. The same contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous