16
May
07:41
Steel futures surge as bulls advance
Chinese rebar and hot rolled coil futures reversed the downward trend of the previous two days and surged on Thursday afternoon due to bulls suddenly increasing their positions significantly, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,703/tonne ($513/t) on Thursday, up CNY 82/t compared with the prior trading day. The same contract for HRC gained C…
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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