09
Jun
12:20
Steel futures stabilise as inventory rises again
Chinese rebar and hot rolled coil futures stabilised on Thursday, as no winner emerged between the supportive Shanghai-led production resumption and the negative impact of the hot and rainy season on demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 4/tonne lower than Wednesday at CNY 4,791/t ($719/t), and the same contract for HRC closed up CNY 5/t at CNY 4,873/t.
Total inventories of both rebar and…
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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