29
Apr
11:19
Steel futures stabilise as coke brews further gains
Chinese rebar and hot rolled coil futures basically stabilised on Monday after a day of fluctuation, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,675/tonne ($507/t) on Monday, down CNY 10/t compared with the prior trading day. The same contract for HRC lost CNY 17/t to CNY 3,816/t.
Although the Labour Day holiday will begin on Wednesday, trading remained…
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Anonymous
Very good overview of the weekly steel market.
Anonymous