08
Feb
10:59
Chinese rebar and hot rolled coil futures began to bottom out on Wednesday after touching one-month lows, but weakness remained in the market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 37/tonne higher than Tuesday at CNY 4,055/t ($598/t), while the same contract for HRC gained CNY 57/t to CNY 4,126/t.
The spot market stabilised during the day, with HRC outperforming reb…
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Kallanish Asia
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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