20
Jun
12:32
Steel futures fluctuate lower despite rebounding rebar consumption
Weekly inventory data appeared relatively flat, but a large accumulation of short positions caused steel futures to finally fall on Thursday, hitting a low point of the recent week's fluctuation range, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,597/tonne ($495/t) on Thursday, down CNY 17/t compared from the prior trading day. The same contract for HRC lost CNY 10/t to CNY 3,776/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous