01
Jun
13:08
Steel futures bottom out on consumption gains
Chinese rebar and hot rolled coil futures on Thursday bottomed out on an improving macro mood, and this triggered an increase in spot transactions, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 83/tonne higher than Wednesday at CNY 3,546/t ($499/t), while the same contract for HRC gained CNY 83/t to CNY 3,664/t.
Overall stocks of rebar and HRC continued to decline in th…
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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