28
Feb
08:23
Steel futures stabilise in silence
Chinese rebar and hot rolled coil futures stabilised on Wednesday as the whole market was watching the recovery of demand in silence. Price fluctuations were in a rather small range, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,810/tonne ($529/t) on Wednesday, down CNY 14/t on the prior trading day. The same contract for HRC lost CNY 17/t to CNY 3,920/t.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous