25
Apr
08:15
Steel futures stabilise as inventory keeps falling
Chinese rebar and hot rolled coil futures on Thursday closed lower than Wednesday with higher intraday deal prices. Inventory numbers indicated complex fundamentals despite a further decrease in the past week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,669/tonne ($506/t) on Thursday, down CNY 12/t compared with the prior trading day. The same contract for HRC&nb…
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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