04
Jul
14:03
Steel futures take another plunge
Affected by the drop in spot prices over the weekend and the weakening of raw materials, Chinese rebar and hot rolled coil futures continued to fall on Monday and remained volatile, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 97/tonne lower than Friday at CNY 4,168/t ($623/t), and the same contract for HRC closed down CNY 125/t at CNY 4,186/t.
On the raw materials side, iron ore futures and prices…
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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