27
Mar
12:21
Rebar futures hit ten-month low
Chinese rebar and hot rolled coil futures kept falling on Wednesday as demand remained weak amid bearish sentiment, Kallanish notes. Rebar futures are now at their lowest level since May last year, while HRC futures are just slightly higher than the five-month low registered on 15 March.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,479/tonne ($481/t) on Wednesday, down CNY 20/t on the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous