04
Jun
10:23
Steel futures register fourth consecutive daily decline
Chinese rebar and hot rolled coil futures on Tuesday fell for the fourth consecutive trading day under low demand pressure, while fundamentals remained quiet, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,646/tonne ($503/t) on Tuesday, down CNY 19/t compared with the prior trading day. The same contract for HRC lost CNY 12/t to CNY 3,788/t.
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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