19
Sep
10:25
HRC futures outperform rebar
A rare sharp rise in Chinese hot rolled coil futures on Tuesday widened their spread over rebar. The margin had steadily narrowed over the past few weeks, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Tuesday at CNY 3,831/tonne ($525/t), down CNY 11/t on the prior trading day. The same contract for HRC gained CNY 30/t to CNY 3,933/t.
The increases in steel futures this week are mainly supported…
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Kallanish Asia
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