15
Mar
11:28
Ferrous futures hike amid concerns about stricter restrictions
Chinese rebar and hot rolled coil futures have hiked amid concerns about stricter production restrictions in Tangshan and elsewhere in northern China, Kallanish notes.
On 15 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 58/tonne higher than last Friday at CNY 4,787/t ($736t). The same contract for HRC closed up CNY 73/t at CNY 5,068/t, hitting a new record high.
Apart from imposing administrative penalties on f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous