07
Mar
10:32
Steel futures remain low on sluggish consumption
Since weekly inventory data indicates slow consumption, Chinese rebar and hot rolled coil futures remained weak on Thursday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,708/tonne ($515/t) on Thursday, down CNY 4/t on the prior trading day. The same contract for HRC however gained CNY 9/t to CNY 3,853/t.
Weekly production kept increasing, leading to an …
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Anonymous
Very good overview of the weekly steel market.
Anonymous