06
Sep
08:57
Ferrous futures hold as production dives
Chinese rebar and hot rolled coil futures on Wednesday only registered limited gains as hot metal output remains high and spot transactions were low, despite crude steel production diving in late August, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Wednesday at CNY 3,817/tonne ($522/t), up CNY 18/t on the prior trading day. The same contract for HRC gained CNY 2/t to CN…
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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