19
Mar
07:29
Steel futures extend recovery along with raw materials
Chinese rebar and hot rolled coil on Tuesday extended growth from multiple-month lows as sentiment stabilised slightly, along with rising raw materials, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,573/tonne ($496/t) on Tuesday, up CNY 60/t on the prior trading day. The same contract for HRC gained CNY 63/t to CNY 3,788/t.
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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