02
Jan
09:52
Expectations boost Chinese ferrous prices
Chinese rebar and hot rolled coil futures rebounded on 30 December and then rose on the last trading day of 2020, while iron ore saw a rebound on 31 December.
Although steel demand fell and total inventories began to rise, positive Chinese economic and Covid-19 news has injected confidence into the market for 2021, Kallanish notes.
On 31 December on the Shanghai Futures Exchange May 2021 rebar futures closed CNY 132/tonne higher on-day at CNY 4,388/t ($672.24/t)…
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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