04
Dec
10:14
Steel futures decline on weaker raw materials
Chinese rebar and hot rolled coil futures recorded similar losses on Monday, with a sharp fall in raw materials prices such as coking coal and coke futures hurting confidence in steel prices. However, the weakness in raw materials may be short-lived, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed at CNY 3,871/tonne ($542/t) on Monday, down CNY 52/t on the prior trading day. The most-traded …
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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