15
Jun
12:55
Steel futures struggle to stop losses on macro shocks
Although macro data such as real estate investment improved month-on-month in May, the overall continuous decline in the real estate sector on a year-on-year basis underemined rebar and hot rolled coil futures on Wednesday. The spot market is also dominated by falling prices and weak demand in China, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 70/tonne lower than Tuesday at CNY 4,547/t ($677/t), an…
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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