24
Mar
13:08
Steel futures weaken as inventory grows
Higher weekly inventory data proves demand is falling, while production continued to rise. Chinese rebar and hot rolled coil futures fell slightly on Thursday, with negative sentiment partially offset by strong expectations for a subsequent demand rebound, Kallanish understands.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 38/tonne lower than Wednesday at CNY 4,945/t ($772/t), and the same contract for HRC closed down CNY 16/t at CNY 5,…
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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