08
Feb
09:16
Ferrous futures hike amid Tangshan restrictions
Chinese rebar and hot rolled coil futures kept rising for the fourth consecutive day on Monday, and HRC futures hit the second-highest level this year. Tangshan, meanwhile, implemented production restrictions on sinter plants to reduce pollution, Kallanish notes.
On 8 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 50/tonne higher than last Friday at CNY 4,335/t ($671/t), while the same contract for HRC closed …
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Anonymous
Very good overview of the weekly steel market.
Anonymous