24
Apr
08:55
Steel futures rebound despite production hikes
Chinese rebar and hot rolled coil futures rebounded on Wednesday with the support of rising raw materials. Sustained crude steel production and floods in southern China restraining demand have made for a weak market balance, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,681/tonne ($502/t) on Wednesday, up CNY 40/t compared with the prior trading day. The same contra…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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