07
Jun
11:33
Ferrous futures hold, await subsequent demand trends
The college entrance examination, which began on Tuesday, has sparked restrictions on construction across the country. Chinese rebar and hot rolled coil futures thus held and awaited demand changes a few days later, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 31/tonne lower than Monday at CNY 4,719/tonne ($715/t), and the same contract for HRC closed down CNY 35/t at CNY 4,810/t.
Coking companies are a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous