21
Mar
13:15
Steel futures slump but spot rebar solid
Chinese steel futures slumped on Tuesday but on the spot market rebar held steady while hot rolled coil dropped. Tokyo Steel meanwhile appears confident prices will not collapse, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed at CNY 3,229/tonne ($468/t), down CNY 147/t. Spot market offers for 20mm HRB400 rebar in Shanghai were holding steady at around CNY 3,700/t however.
The May hot rolled coil futures contract …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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