28
Sep
10:43
Steel futures fluctuate lower from highs
After touching recent highs on improving demand and expectations of production cuts, Chinese rebar and hot rolled coil futures held firm on Wednesday, despite market doubts over the sustainability of a demand recovery in October, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed just CNY 14/tonne lower than Tuesday at CNY 3,823/t ($535/t), while the same contract for HRC lost CNY 14/t to CNY 3…
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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