21
Jan
12:17
Steel futures up but inventories keep rising
Chinese rebar and hot rolled coil futures eventually closed higher in Thursday’s volatile market. Inventories have maintained an upward trend in line with market expectations, Kallanish notes.
On 21 January on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 59/tonne higher than Wednesday at CNY 4,369/t ($676/t), while the same contract for HRC closed down CNY 17/t at CNY 4,430/t. In Tangshan, billet prices …
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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