20
Jan
10:50
Steel futures stabilise as inventory grows rapidly
China’s push to lower corporate lending rates has boosted market confidence in future demand, partially offsetting the negative impact of continued rising inventories. Rebar and hot rolled coil prices have in turn stabilised amid a low level of transactions, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 contract for rebar and HRC both closed level from the previous day, standing at CNY 4,713/tonne ($743/t) and CNY 4,815/t, respectively.
Fu…
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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