07
Mar
11:15
Ferrous futures rebound despite calm macro picture
With a lack of strong drivers, Chinese rebar and hot rolled coil futures rebounded slightly on Tuesday to offset part of the previous day's decline. Prices are continuing to fluctuate at high levels, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 38/tonne higher than Monday at CNY 4,248/t ($613/t), while the same contract for HRC gained CNY 18/t to CNY 4,34…
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Anonymous
Very good overview of the weekly steel market.
Anonymous