16
May
11:42
Steel futures stabilise while production remains high
Chinese rebar and hot rolled coil futures on Tuesday closed lower than the prior day, but their intraday trading prices were higher. This suggested some confusion in market sentiment even if steel production remained high and the real estate sector showed no improvement, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 27/tonne lower than Monday at CNY 3,640/t ($523/t), and the same contr…
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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