28
Dec
10:13
Steel futures fall as mills expand overhauls
Chinese rebar and hot rolled coil futures slipped on Thursday, as steel mills' maintenance drove raw material prices down, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,996/tonne ($562/t) on Thursday, down CNY 27/t on the prior trading day. The same contract for HRC was CNY 41/t lower to CNY 4,096/t.
According to the latest market statistics, approximately 23 steel mill…
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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