03
Aug
10:27
Steel futures take a break after climbing
Chinese rebar and hot rolled coil futures eased a little on Wednesday after nearly two weeks of steady gains. Affected by Nancy Pelosi's visit to Taipei, futures experienced severe fluctuations within a small range during the day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 41/t lower than Tuesday at CNY 4,063/t ($602/t), and the same contract for HRC closed down CNY 33/t at CNY 4,020…
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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