24
Jul
15:57
Steel futures weaken before politburo announcements
Chinese rebar and hot rolled coil futures weakened slightly on Monday as Friday’s Tangshan production cut talk had little impact. Politburo announcements on the current economic situation and second-half arrangements started to drive up futures from Monday night trading, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 30/tonne lower than Friday at CNY 3,793/t ($527/t), while the sa…
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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