07
Jun
16:24
Steel futures fall back after continuous gains
Chinese rebar and hot rolled coil futures finally fell back a little on Wednesday after five consecutive trading days of gains, as production cuts and macro expectations ran out of steam again, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 20/tonne lower than Tuesday at CNY 3,621/t ($508/t), while the same contract for HRC lost CNY 44/t at CNY 3,721/t.
As fundamentals s…
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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