18
Apr
08:25
Steel futures slow gains as inventory decline stalls
Chinese rebar and hot rolled coil futures on Thursday held near the previous day’s close, while average intraday transaction prices were higher after prices had surged on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,682/tonne ($509/t) on Thursday, remaining unchanged compared with the prior trading day. The same contract for HRC gained CNY 1…
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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