06
Apr
15:03
Steel futures get raw material boost
On the first trading day after the Qingming Festival holiday, steel market fundamentals have not improved significantly. Chinese rebar and hot rolled coil futures are supported by higher costs despite weak demand, Kallanish notes.
On the Shanghai Futures Exchange, the October 2022 rebar contract closed CNY 39/tonne lower than 1 April at CNY 5,121/t ($805.5/t), and the same contract for HRC closed down CNY 51/t at CNY 5,268/t.
Coke ushered in a new wave …
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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