13
Dec
07:53
Steel futures slump as production goes down
Chinese rebar and hot rolled coil futures slumped on Wednesday afternoon and thus fell from multiple-month highs, while the macroeconomic outlook was debated, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,942/tonne ($550/t) on Wednesday, down CNY 118/t on the prior trading day. The same contract for HRC lost CNY 97/t to CNY 4,058/t.
The two-day Central Economic Wo…
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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