28
Apr
11:52
Steel futures stay put on limited inventory decline
After a slow two-day rebound, Chinese rebar and hot rolled coil futures stabilised on Thursday with no more boost, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 14/tonne lower than Wednesday at CNY 4,850/t ($734/t), and the same contract for HRC closed up CNY 2/t at CNY 4,950/t.
Demand in the past week showed no significant improvements, but overall HRC inventories managed to fall again after three weeks…
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Anonymous
Very good overview of the weekly steel market.
Anonymous