03
Feb
12:05
Ferrous futures rebound, spot transactions freeze
Chinese rebar and hot rolled coil futures rebounded slightly on Wednesday, following their two-day plunge. While supply continued to outweigh demand, prices were supported by elevated costs and a recovery in the confidence of investors on futures markets, Kallanish notes.
On 3 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 21/tonne higher than Tuesday at CNY 4,175/t ($646/t), while the same contract for HRC closed …
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Anonymous
Very good overview of the weekly steel market.
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