11
Dec
03:18
Steel futures gain as Baosteel hikes January offers
Chinese steel futures prices strengthened on Wednesday. Baosteel meanwhile announced it would raise its domestic HRC prices for January 2020 shipment on the basis of offers in December, Kallanish notes.
On the Shanghai Futures Exchange the May 2020 rebar contract closed at CNY 3,537/tonne ($503/t), CNY 32/t higher than Tuesday, while the January 2020 contract for hot rolled coil closed up CNY 50/t at CNY 3,735/t. Futures prices…
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Anonymous
Very good overview of the weekly steel market.
Anonymous