26
Jan
10:58
Rebar futures slide as HRC holds steady
Chinese hot rolled coil futures remained relatively stable on Tuesday but rebar fell, affected by different demand expectations after the Chinese New Year. The auto industry is expected to usher in a new round of consumer promotion policies, Kallanish notes.
On 26 January on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 18/tonne lower than Monday at CNY 4,303/t ($665/t), while the same contract for HRC closed up CNY 2/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous