06
Dec
21:11
Chinese steel futures fall hard on Wednesday
Chinese steel futures, having broken their winning streak and fallen on Tuesday, tumbled dramatically on Wednesday. Both rebar and HRC contracts took a distinct turn for the worse, Kallanish notes.
On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,916/tonne ($692/t), CNY 135/t lower than Tuesday. The same contract for hot rolled coil closed down CNY 136/t at CNY 3,932/t. The daily fall equates to over $20/t. There had been talk in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous