30
Jun
12:14
Steel futures climb as inventory accelerates decline
Although weak demand has limited the gains, Chinese rebar and hot rolled coil futures edged up again on Thursday on falling inventories and June manufacturing performance, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 18/tonne higher than Wednesday at CNY 4,378/t ($652/t), but the same contract for HRC closed up CNY 30/t at CNY 4,412/t.
Total rebar inventories hastened their decline, and mill i…
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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