25
Jun
08:00
Steel futures stabilise in quiet market
Chinese markets remained calm on Tuesday, and rebar and hot rolled coil futures just held steady at near three-month lows, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,532/tonne ($486/t) on Tuesday, remaining unchanged from the prior trading day. The same contract for HRC lost CNY 8/t to CNY 3,721/t.
The market has not changed much. As heavy rains continue in eastern China, suppressi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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