29
Feb
07:05
Steel futures edge down as demand recovery disappoints
Chinese rebar and hot rolled coil futures edged down on Wednesday as the steel demand recovery since the holiday has disappointed the market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,788/tonne ($527/t) on Wednesday, down CNY 22/t on the prior trading day. The same contract for HRC lost CNY 9/t to CNY 3,911/t.
Market inventories of rebar and HRC ine…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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