29
May
08:36
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.
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Kallanish Asia
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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