27
Mar
15:08
Ferrous futures drop amid slow industrial recovery
Chinese rebar and hot rolled coil futures extended last week's losses to close lower on Monday and see calm in market trading, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 2/tonne lower than last Friday at CNY 4,105/t ($596/t), while the same contract for HRC lost CNY 28/t to CNY 4,225/t.
According to data from the National Bureau of Statistics, the total profits of in…
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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