21
Sep
09:26
Steel futures slump on disappointing consumption
Due to weekly inventory data suggesting disappointing apparent consumption, Chinese rebar and hot rolled coil futures slumped on Thursday after a few days of slight gains, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,762/tonne ($515/t), down CNY 80/t on the prior trading day. The same contract for HRC lost CNY 89/t to CNY 3,843/t.
Rebar production hiked in the past week, but …
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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