08
Apr
09:05
Steel futures rebound within volatile range
Chinese rebar and hot rolled coil futures recovered from their holiday hiatus and rebounded slowly on Monday as consumption edged higher. However, weak fundamentals are unable to lift prices out of the current low volatile range, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,497/tonne ($483/t) on Monday, up CNY 75/t on the prior trading day, 3 April. The same contr…
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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