19
May
12:04
Steel futures climb on falling inventories
Although there is no significant improvement in demand, the decline in inventories and real estate stimulus policies still pushed Chinese rebar and hot rolled coil futures to rise slowly on Thursday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 47/tonne higher than Wednesday at CNY 4,579/t ($677/t), and the same contract for HRC closed up CNY 39/t at CNY 4,715/t.
The recovery of auto makers in Changchun…
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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