25
Jul
08:38
Steel futures slump to 21-month lows
Chinese rebar and hot rolled coil futures on Thursday dropped for the fifth trading day to their lowest values since end-October 2022, and raw materials slumped simultaneously, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,329/tonne ($461/t) on Thursday, down CNY 62/t from the prior trading day. The same contract for HRC lost CNY 55/t to CNY 3,518/t.
Market sentiment re…
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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