02
Dec
11:15
Steel futures stabilise as inventory accelerates decline
After experiencing a three-day increase, Chinese rebar and hot rolled coil futures saw negligible declines on Thursday despite small improvements in demand, Kallanish notes.
On the Shanghai Futures Exchange the May 2022 rebar contract closed CNY 18/tonne lower than Wednesday at CNY 4,288/t ($673/t), while the January 2022 contract for HRC closed down CNY 17/t at CNY 4,703/t.
Triggered by signals of relaxation of regulatory finance measures in the real estate indu…
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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