24
Aug
12:12
China's futures continue increase on sentiment
Driven by the firm coke market and steady recovery of the iron ore market, Chinese steel markets saw a significant recovery on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 135/tonne higher than last Friday at CNY 5,235/t ($785.7/t), and the same contract for hot rolled coil closed up CNY 140/t at CNY 5,604/t.
Spot transaction levels have gradually recovered from a bottom l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous