21
Mar
07:38
Steel futures edge up on falling inventory
Chinese rebar and hot rolled coil futures on Thursday hiked further, but slowly because of falling inventories, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,616/tonne ($502/t) on Thursday, up CNY 46/t on the prior trading day. The same contract for HRC gained CNY 36/t to CNY 3,827/t.
Inventories of finished steel fell for the first time in the past…
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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