29
Nov
10:15
Steel futures stabilise at two-week lows
With firm raw materials support, Chinese rebar and hot rolled coil futures stabilised at two-week lows, the low end of the recent range, despite retreating sentiment, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed at CNY 3,896/tonne ($548/t) on Wednesday, up CNY 3/t on the prior trading day. The same contract for HRC lost CNY 7/t to CNY 4,006/t.
Data suggests that …
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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