18
Mar
09:38
Steel futures hold despite weak property data
Chinese rebar and hot rolled coil futures on Monday closed higher than the previous trading day despite weak property data announced by the National Bureau of Statistics (NBS). The average intraday trading prices were lower, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,513/tonne ($488/t) on Monday, up CNY 23/t on the prior trading day. The same contract for HRC&nb…
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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