01
Dec
10:31
Ferrous futures keep rising on raw materials support
The rebound in raw material prices from recent lows continued to support Chinese rebar and hot rolled coil futures on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange the May 2022 rebar contract closed CNY 143/tonne higher than Tuesday at CNY 4,306/t ($676/t), while the January 2022 contract for HRC closed up CNY 132/t at CNY 4,720/t.
Many local coking associations began to jointly boycott negotiations on the ninth c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous