28
Feb
11:35
Steel futures’ declines slow down
In a calm market on Tuesday, the decline in Chinese rebar and hot rolled coil futures has slowed down after several days of losses, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 17/tonne lower than Monday at CNY 4,174/t ($602/t), and the same contract for HRC lost CNY 17/t to CNY 4,260/t.
Although steel futures and spot prices still slightly fell on Tuesday, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous