According to the DGCX market roundup for the week ended June 21, the steel futures maintained their bull run during the week in question, thus continuing the rising trend seen since the beginning of the year thanks to the high costs of ore and fuel. The week saw a positive change of $80.10 or 5.48 percent over the previous week. Opening the week at $1,467/mt, July steel futures touched a high of $1,542/mt before closing at $1,541.20/mt.
The volume of steel futures for the week in question totaled 198 contracts valued at $3.03 million. The open interest on steel was 193 contracts.