06
Feb
08:38
Steel futures stabilise despite rising production
In a quiet market approaching long holidays, Chinese rebar and hot rolled coil futures stabilised on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,836/tonne ($541/t) on Tuesday, up just CNY 3/t on the prior trading day. The same contract for HRC lost CNY 4/t to CNY 3,967/t.
Like steel futures, raw materials such iron ore and coke also basic…
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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