28
Mar
12:11
Rebar futures outperform HRC on larger inventory drop
Chinese rebar and hot rolled coil futures remained weak on Thursday as demand was still sluggish, but rebar outperformed HRC for the first time in a long while due to a larger weekly inventory drop, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,481/tonne ($482/t) on Thursday, up CNY 2/t on the prior trading day. The same contract for HRC lost CNY 25/t to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous