01
Feb
08:36
Steel futures stabilise despite climbing inventories
Chinese rebar and hot rolled coil futures stabilised in a quiet market on Thursday, after huge slumps in the previous two days, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,868/tonne ($541/t) on Thursday, down just CNY 1/t on the prior trading day. The same contract for HRC lost CNY 1/t as well to CNY 4,004/t.
A decrease in apparent consumption, which i…
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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