22
May
09:47
Steel futures extend gains to three-month highs
Chinese rebar and hot rolled coil futures extended gains on Wednesday after decelerating at the beginning of this week. Both products have now touched three-month highs, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,800/tonne ($525/t) on Wednesday, up CNY 54/t compared with the prior trading day. The same contract for HRC gained CNY 37/t to CNY 3,910/t.
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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