22
Feb
13:38
Steel futures stabilise, coal may provide support
Chinese rebar and hot rolled coil futures closed lower on Wednesday than the prior day after rising for six straight sessions. Average intraday transaction prices still rose very slightly, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 17/tonne lower than Tuesday at CNY 4,237/t ($615/t), while the same contract for HRC lost CNY 24/t to CNY 4,283/t.
On Wednesday, a large…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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