02
Nov
14:36
Chinese HRC futures strong as steel output slides
Chinese steel futures closed up again on Wednesday, although rebar only barely managed a positive close. Major Chinese mills meanwhile saw output levels fall slowly in mid-September, as did reported inventories, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up just CNY 3/tonne at CNY 2,610/t ($385/t) after losing during the day the ground it had gained overnight. At one point it was actually trading down very slightly at CNY…
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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