23
May
09:32
Steel futures fall back on declining consumption
Chinese rebar and hot rolled coil futures finally fell back from three-month highs on Thursday after five consecutive days of gains, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,775/tonne ($521/t) on Thursday, down CNY 25/t compared with the prior trading day. The same contract for HRC lost CNY 11/t to CNY 3,899/t.
A major Chinese steel data provider rel…
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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