06
Jun
11:01
Steel futures rebound on production cut speculation
Chinese rebar and hot rolled coil futures rebounded on Thursday due to rumours of mandatory production cuts, after five consecutive days of declines, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,665/tonne ($506/t) on Thursday, up CNY 33/t compared with the prior trading day. The same contract for HRC gained CNY 47/t to CNY 3,828/t.
Steel futures wer…
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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