18
Jul
11:53
Chinese futures rebound on recovering confidence
Chinese futures markets rallied on Tuesday as confidence returned amid positive signals from the government about the overall performance of the economy this year, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 62/tonne higher than Monday at CNY 3,749/t ($522/t), while the same contract for hot rolled coil gained CNY 59/t to CNY 3,850/t.
The National Development and Reform Commiss…
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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