26
Jan
09:47
Steel futures fluctuate lower
Neither weak current trading volumes nor the positive impact of production restrictions have dominated sentiment. Chinese rebar and hot rolled coil futures thus continued to fluctuate and ultimately dropped by close of business on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 28/tonne lower than Tuesday at CNY 4,694/t ($742/t), while the same contract for HRC closed down CNY 39/t at CNY 4,805/t.
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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