07
Dec
14:03
Steel futures slide under drag on demand
China's steel futures market slipped on Wednesday, with weak fundamentals a major drag on the market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 26/tonne lower than Tuesday at CNY 3,782/t ($544/t), while the same contract for HRC lost CNY 18/t to CNY 3,908/t.
On Wednesday, China released the "New Ten Articles", detailing how it has eased Covid-19 policies. Mark…
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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