14
May
10:31
Steel futures slump to one-month lows
After a day of hard climb driven by the planned release of long-term national bonds, Chinese rebar and hot rolled coil futures slumped on Tuesday to one-month lows along with plunging raw materials, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,630/tonne ($502/t) on Tuesday, down CNY 56/t compared with the prior trading day. The same contract for HRC lost&…
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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