16
Aug
12:34
Steel futures edge up on production cut speculation
The steel market was relatively calm on Wednesday, and rebar and hot rolled coil futures rose slowly due to a hike in spot prices and the re-circulation of rumours of production restrictions, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract ended Wednesday at CNY 3,713/tonne ($509/t), up CNY 19/t on the prior day. The same contract for HRC gained CNY 2/t to CNY 3,926/t.
Although…
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