21
May
11:30
Steel futures edge up for fourth consecutive day
Chinese rebar and hot rolled coil futures continued to edge up on Tuesday despite the absence of any more good news after stimulus measures announced last week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,746/tonne ($518/t) on Tuesday, up CNY 11/t compared with the prior trading day. The same contract for HRC gained CNY 8/t to CNY 3,873/t.
Steel futures…
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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