23
Jan
09:08
Chinese steel futures dip further
Chinese steel futures continued to slide during night trading and then flattened out during Monday. Sentiment towards hot rolled coil is much weaker than rebar as its futures price is much lower than current spot market prices. With the market already preparing for the upcoming holidays, there is unlikely to be any dramatic change from the market itself until buyers return from their break on 3 February, Kallanish notes.
The May rebar contract on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous