29
Sep
09:21
Steel futures stabilise despite falling inventory
Improving demand for restocking before the National Day holiday has boosted Chinese rebar and hot rolled coil futures to one-month highs. Sliding market inventories failed to push them any further on Thursday, however, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed just CNY 13/tonne higher than Wednesday at CNY 3,836/t ($532/t), while the same contract for HRC gained CNY 8/t to CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous