31
May
11:11
Steel futures remain weak on shrinking manufacturing
As macro indicators for the manufacturing industry weakened in May, Chinese rebar and hot rolled coil futures remained lower through most of the day despite closing a bit higher, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 3/tonne higher than Tuesday at CNY 3,463/t ($487/t), while the same contract for HRC gained CNY 9/t to CNY 3,581/t.
The National Bureau of Statisti…
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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