13
Mar
09:39
Rebar futures touch eight-month low
As coking coal and coke futures fell again on Wednesday, rebar futures also returned to a downtrend and hit an eight-month low, while HRC futures were negligibly higher than Monday’s five-month low, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,583/tonne ($498/t) on Wednesday, down CNY 53/t on the prior trading day. The same contract for HRC lost CNY 35/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous