14
Mar
11:36
Ferrous futures plummet on nationwide Covid-19 outbreaks
Chinese rebar and hot rolled coil futures fell rapidly on Monday as market confidence was damaged by the introduction of various government risk control measures, following a new round of Covid-19 outbreaks in most provinces across China, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 222/tonne lower than Friday at CNY 4,695/t ($738/t), and the same contract for HRC closed down CNY 187/t at CNY 4,950/t.
China’s iro…
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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