08
Sep
11:20
Steel, iron ore futures lack confidence
High production and inventory levels of rebar and hot rolled coil have persisted in China. Iron ore arrivals continue to rebound, and are expected to increase further in September, Kallanish notes.
On the Shanghai Futures Exchange January 2021 rebar futures closed CNY 17/tonne ($2.5) lower than Monday at CNY 3,719/t ($544/t), while the same contract for HRC closed down CNY 22/t at CNY 3,842/t. On the Dalian Commodity Exchange January 2021 iron ore settled up …
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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