14
Sep
11:03
Steel futures edge up on inventory loss
The new week's inventory data revealed both positive and negative factors, so Chinese rebar and hot rolled coil futures fluctuated violently on Thursday and ultimately rose slightly, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Thursday at CNY 3,794/tonne ($523/t), up CNY 17/t on the prior trading day. The same contract for HRC gained CNY 16/t to CNY 3,868/t.
Weekly rebar production continued to fal…
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Kallanish Asia
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