04
Jul
07:00
Steel futures hold firm at half-month highs
Chinese rebar and hot rolled coil futures stabilised at half-month highs on Thursday, after some good results implied by weekly inventory data had been priced in on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,616/tonne ($497/t) on Thursday, down just CNY 3/t from the prior trading day. The same contract for HRC lost CNY 8/t to CNY 3,801/t.
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Anonymous
Very good overview of the weekly steel market.
Anonymous