25
Jul
14:12
Steel futures rebound but inventories increase
Chinese steel futures rebounded on Thursday despite a continued increase in inventories. Rumours of tight production restrictions around the October holiday helped support the market in the face of semi-finished product imports, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 41/tonne higher at CNY 3,940/t ($573/t), while the same contract for hot rolled coil closed up CNY 39/t at CNY 3,866/t.
Steel market inv…
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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