05
Jun
10:25
Steel futures decline decelerates in quiet market
Chinese rebar and hot rolled coil futures maintained their downward trend on Wednesday. This was the fifth consecutive day of decline, but the pace has decelerated as the market was quiet, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,632/tonne ($501/t) on Wednesday, down CNY 14/t compared with the prior trading day. The same contract for HRC lost CNY…
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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