12
Jan
13:33
Steel futures stay put despite accelerating inventory expansion
Chinese rebar and hot rolled coil futures closed a little lower on Thursday, but the average daily trading prices remained stable or gained slightly. This revealed a lack of strong direction in a calm market, Kallanish observes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 25/tonne lower than Wednesday at CNY 4,136/t ($613/t), while the same contract for HRC lost CNY 11/t to CNY 4,182/t.
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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