23
Nov
09:22
Steel futures fluctuate lower as inventory dives deeper
Chinese rebar and hot rolled coil futures fluctuated lower on Thursday than their recent seven- and four-month highs respectively, although inventories of both products dived deeper in the past week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed at CNY 3,934/tonne ($552/t) on Thursday, down CNY 67/t on the prior trading day. The same contract for HRC lost CNY 45/t to CN…
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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