20
Oct
13:10
Steel futures touch three-month lows
Although inventories declined despite higher weekly production, Chinese rebar and hot rolled coil futures still inched down on Thursday. They touched three-month lows amid market pessimism, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 53/tonne lower than Wednesday at CNY 3,594/t ($498/t), while the same contract for HRC lost CNY 53/t to CNY 3,612/t.
Despite Covid disruptions, we…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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