12
Jun
08:58
Ferrous futures inch up on low margins
Chinese rebar and hot rolled coil futures closed higher on Wednesday after the prior day’s slumps. However, the intraday average deal prices were still lower as the market saw low demand and no new policy stimulus, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,608/tonne ($496/t) on Wednesday, up CNY 11/t compared with the prior trading day. The same contr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous