13
Sep
09:43
Chinese steel futures slide again
Chinese steel futures dipped slightly on Wednesday. Both hot rolled coil and rebar futures prices flattened overnight, then surged in first trading hours but gradually slid away towards end of the day. On the spot market HRC purchases also trended down when futures began to weaken while rebar buying also slowed, Kallanish notes.
On the Shanghai Futures Exchange the January 2018 rebar contract closed at CNY 3,914/tonne ($599.02/t), down CNY 9/t on the d…
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