26
Dec
12:12
Steel futures rebound on speculative buying
Chinese rebar and hot rolled coil futures have rebounded slightly on Tuesday, but spot market demand remained weak in the off-season.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 4,023/tonne ($563/t) on Tuesday, a recovery of CNY 25/t on the prior trading day. The same contract for HRC gained CNY 5/t to CNY 4,135/t.
Sentiment has revived in futures trading during the last week of 2023, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous