18
Oct
13:14
Steel futures fall on slowing economy
China announced a sharp drop in steel output and an economic slowdown on Monday, but this was considered by market participants as “within expectations”. Chinese rebar and hot rolled coil futures fell in response to the current low demand and uncertain outlook, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 93/tonne lower than last Friday at CNY 5,422/t ($843/t), and the same contract for HRC clo…
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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