28
Jun
10:36
Steel futures attempt to climb out of trough
After a boost to the bearish market sentiment that has been fermenting for a week, Chinese rebar and hot rolled coil futures finally achieved a second straight day of increases on Tuesday. But the rise is still small, with limited fundamental support, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 75/tonne higher than Monday at CNY 4,349/t ($650/t), and the same contract for HRC closed up CNY 60/…
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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