12
Jul
10:59
Ferrous futures mount on inflationary pressure
As China’s decision to reduce the reserve requirement ratio (RRR) last week has boosted financial markets, Chinese rebar and hot rolled coil futures increased on Monday also, despite the drag of weak summer end user demand, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 4/tonne higher than the previous Friday at CNY 5,432/t ($839/t), and the same contract for HRC closed up CNY 33/t at CNY 5,828/t.
HRC …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous