05
Jan
10:35
Coke fuels steel futures prices
Fundamentals in Chinese steel markets have remained weak, but rising coke prices have supported Chinese rebar and hot rolled coil futures, which continued to rise on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 49/tonne higher than Tuesday at CNY 4,444/t ($699/t), while the same contract for HRC closed up CNY 69/t at CNY 4,568/t.
Coking companies ended their month-long stand-off with steel mills after s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous