25
Jan
10:45
Slow output growth supports ferrous futures
Chinese hot rolled coil and rebar futures have rebounded slightly, supported by an apparent slowdown in production growth. Market expectations for the peak season in March and April have also been improving, Kallanish notes.
On 25 January on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 27/tonne higher than last Friday at CNY 4,321/t ($667/t), and the same contract for HRC closed up CNY 64/t at CNY 4,426/t. In Tangs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous