24
Jun
08:34
Steel futures hit lowest since early April
As the market still suffered from low demand and the policy side was still quiet, Chinese rebar and hot rolled coil futures continued to fall on Monday and touched two-and-a-half-month lows, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,532/tonne ($486/t) on Monday, down CNY 31/t compared from the prior trading day. The same contract for HRC lost CNY 24/t to CNY 3,729/t.
Sentiment in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous