08
May
06:26
Steel futures slip further as transactions remain low
Chinese rebar and hot rolled coil futures slipped further on Wednesday due to weak transactions and raw materials. Declines in two days thus erased increases on Monday, the first trading after a five-day break, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,674/tonne ($508/t) on Wednesday, down CNY 49/t compared with the prior trading day. The same contract for HRC l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous