01
Mar
10:43
Ferrous futures drop, expectations remain positive
Chinese rebar and hot rolled coil futures surprised the market with a slight decline on Monday. Expectations for March remain strong as new offers from steelmakers and spot market traders are still catching up with strong market sentiment, Kallanish notes.
On 1 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 38/tonne lower than last Friday at CNY 4,639/t ($718.5/t). The same contract for HRC closed down&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous