11
Dec
20:35
Chinese steel futures firm again
Chinese steel futures recovered some ground on Monday after the dip seen last week. Firm physical steel market sentiment is offering support for both rebar and HRC, Kallanish notes.
On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,912/tonne ($/t), CNY 88/t higher than Friday, while the same contract for hot rolled coil closed up CNY 46/t at CNY 3,921/t.
For such a big beast, Chinese steel market sentiment can change remarkably quic…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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