11
Apr
09:43
Steel futures fluctuate higher on inventory drop
Chinese rebar and hot rolled coil futures edged up on a drop in overall finished steel inventories over the past week. However, they remained within a range just above the 10-month lows registered a fortnight ago, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,550/tonne ($491/t) on Thursday, up CNY 32/t on the prior trading day. The same contract for HRC lost C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous