20
Mar
08:03
Steel futures stabilise on limited stimulus
Chinese rebar and hot rolled coil futures lost support amid the end of the raw materials price rebound, ending their two days of gains from multi-month lows, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,570/tonne ($496/t) on Wednesday, down CNY 3/t on the prior trading day. The same contract for HRC, however, gained CNY 3/t to CNY 3,791/t.
Coke and…
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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