13
Sep
10:57
Steel futures fall slowly on rebounding production
As rebounding crude steel production showed that mandatory production cuts have not yet come, Chinese rebar and hot rolled coil futures on Wednesday fell slowly after two consecutive days of gains, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Wednesday at CNY 3,777/tonne ($518/t), down CNY 14/t on the prior trading day. The same contract for HRC lost CNY 30/t to CNY 3,852/t.
China Iron & Steel Assoc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous