17
Dec
11:23
Steel futures touch new highs with falling inventory
Chinese steel futures have maintained an upward trend for three consecutive days driven by declining inventory and rising raw materials costs. Market sentiment is even getting hotter despite attempts at control by Chinese authorities, Kallanish notes.
On the Shanghai Futures Exchange the May 2021 rebar contract closed CNY 27/tonne higher than Wednesday at CNY 4,175/t ($639/t), while the same contract for hot rolled coil closed up CNY 28/t at CNY 4,446/t. In T…
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