16
Apr
11:01
Steel futures keep falling on high production
Chinese rebar and hot rolled coil futures kept edging down slowly on Tuesday as production intensity remained high and the country’s real estate investment dived further, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,544/tonne ($490/t) on Tuesday, down CNY 12/t on the prior trading day. The same contract for HRC lost CNY 7/t at CNY 3,805/t.
Produc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous