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29 May

Steel futures edge up amid volatility

Chinese rebar and hot rolled coil futures edged up slowly on Monday as fundamentals remained unchanged. This came after futures touched seven-month lows last week, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 18/tonne higher than Friday at CNY 3,511/t ($496/t), while the same contract for HRC gained CNY 11/t to CNY 3,617/t. The agreement on raising the debt ceiling in the Uā€¦
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Kallanish Asia
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