09
May
09:55
Steel futures slide on decelerating inventory declines
Chinese rebar and hot rolled coil futures continued to slide for the third consecutive day on Thursday. Inventory declines decelerated compared with pre-holiday rates, which implies weaker demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,669/tonne ($507/t) on Thursday, down CNY 5/t compared with the prior trading day. The same contract for HRC lost CN…
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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