18
May
11:46
Steel futures fall on raw material pricing fears
Chinese rebar and hot rolled coil futures have been driven down after the National Development and Reform Commission (NDRC) directly targeted control of coal and iron ore prices on Wednesday, Kallanish learns.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 118/tonne lower than Tuesday at CNY 4,532/t ($672/t), and the same contract for HRC closed down CNY 94/t at CNY 4,676/t.
After describing the big picture the day before…
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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