13
Nov
09:09
Steel futures edge down slowly from highs
Chinese rebar and hot rolled coil futures edged down very slowly on Monday from previous highs, amid a quiet market, but there was no more bearish news, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 7/tonne lower than Friday at CNY 3,872/t ($531/t), and the same contract for HRC lost CNY 23/t to CNY 3,962/t.
The trend for steel futures is highly consistent with raw materials, ind…
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Anonymous
Very good overview of the weekly steel market.
Anonymous