27
Jun
09:46
Steel futures inch up amid volatility
An increase in spot prices over the weekend sustained trading volumes on Monday, and Chinese rebar and hot rolled coil futures thus rose slowly amid volatility at the start of the week. The simultaneous upward trend in raw materials prices also provided support, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 85/tonne higher than Friday at CNY 4,274/t ($639/t), and the same contract for HRC closed up&n…
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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