25
Mar
09:53
Steel futures slip after one-week rebound
Chinese rebar and hot rolled coil futures slipped on Monday after last week’s rebound supported by better transactions and falling inventories, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,585/tonne ($497/t) on Monday, down CNY 27/t on the prior trading day. The same contract for HRC lost CNY 16/t to CNY 3,806/t.
Last week, steel transaction volum…
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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