15
Jun
10:05
Steel futures volatile as sentiment mingles
As market sentiment was tangled as fundamentals and macro expectations remained in conflict. Chinese rebar and hot rolled coil futures remained wildly volatile on Thursday and finally closed higher than Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 21/tonne higher than Wednesday at CNY 3,760/t ($525/t), while the same contract for HRC gained CNY 14/t to 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