22
Apr
09:09
Steel futures slide as floods hit southern China
Positive market sentiment eased slightly on Monday, and Chinese rebar and hot rolled coil futures were trading slightly lower amid flooding in southern China, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,670/tonne ($507/t) on Monday, down CNY 5/t compared with the prior trading day. The same contract for HRC lost CNY 18/t to CNY 3,817/t.
Heavy rains hit …
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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