03
Jul
10:05
Steel futures surge along with raw materials
Chinese rebar and hot rolled coil futures on Wednesday surged to the highest level in the past two weeks, mainly boosted by raw materials, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,619/tonne ($498/t) on Wednesday, surging CNY 57/t from the prior trading day. The same contract for HRC gained CNY 52/t to CNY 3,809/t.
Recent increases in raw materials futures strongly supported …
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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