19
Jul
12:37
Steel futures stabilise amid quiet market
Chinese rebar and hot rolled coil futures fluctuated on Monday, pushed around by the same long-discussed factors of production cuts and government suppression of high prices, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 9/tonne higher than the previous Friday at CNY 5,568/t ($859/t), and the same contract for HRC closed down CNY 26/t at CNY 5,926/t.
Apart from power shortages (see separate article), steel output wil…
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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