06
Nov
08:50
Steel futures remain high on slumping production
On Monday, Chinese rebar and hot rolled coil futures remained around recent highs on falling production, despite HRC closing slightly lower than Friday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Monday at CNY 3,805/tonne ($523/t), remaining unchanged from the prior trading day. The same contract for HRC lost just CNY 4/t to CNY 3,895/t.
According to the China Iron & …
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Anonymous
Very good overview of the weekly steel market.
Anonymous