13
Jun
10:00
Steel futures climb higher despite falling consumption
Chinese rebar and hot rolled coil futures finally inched up slowly on Thursday due to positive macro sentiment, although steel inventories continued to hike on-week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,621/tonne ($500/t) on Thursday, up CNY 13/t compared from the prior trading day. The same contract for HRC gained CNY 14/t to CNY 3,788/t.
The year-on-year growth rate of US CPI in May reach…
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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