25
Sep
11:55
Steel futures slump as output remains strong
Chinese rebar and hot rolled coil futures slumped on Monday, alongside coal-related and iron ore futures as sentiment in financial markets was depressed, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 63/tonne lower than Friday at CNY 3,716/t ($508/t), and the same contract for HRC lost CNY 51/t to CNY 3,812/t.
Sentiment in financial markets was hit by weak stocks, stock…
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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