18
Apr
14:20
Ferrous futures rise despite hiking steel output
An uptick in Monday’s construction steel sales across China and GDP growth in the first quarter pushed up Chinese rebar and hot rolled coil futures from Monday night trading. However, the growth was dragged down by weakening new starts in the real estate industry, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded, October 2023 rebar contract closed CNY 22/tonne higher than Monday at CNY 3,950/t ($574/t), and the same…
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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