12
Jan
19:34
Chinese steel futures continue to drive upwards
Chinese steel futures remained strong on Thursday as forward market sentiment for the sector continues to veer to the upside, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed at CNY 3,207/tonne ($459/t), up CNY 34/t while the same contract for hot rolled coil closed up CNY 28/t at CNY 3,592/t. Rebar futures rose for the fourth successive day.
The shift upwards was not as big as that seen on Wednesday but the increase continues t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous