02
Nov
09:13
Steel futures stand firm on unsteady sentiment
Although some short sellers have closed positions and profitably and sentiment in the steel market are recovering, Chinese rebar and hot rolled coil futures are struggling to see rises amid weak demand. Values finally closed flat on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed unchanged from Tuesday at CNY 3,485/tonne ($479/t), while the same contract for HRC gained CNY 13/t to CNY …
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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