26
Mar
09:15
Steel futures firm despite higher mill inventories
Chinese steel futures gained slightly on Tuesday as iron ore boosted the ferrous complex slightly. Hegang and other mills have hiked rebar prices for end-March, but CISA data shows mill inventories have been building, Kallanish notes.
On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,705/tonne ($552/t), CNY 13/t higher than Monday, while the same contract for hot rolled coil closed up CNY 3/t at CNY 3,662/t.
Hebei Iron and Steel mea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous