25
Aug
10:09
Ferrous futures stabilise as output recovers
Market sentiment has stabilised after a strong recovery in previous days. Traders are taking advantage of steady demand to reduce their stocks, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 1/tonne higher than Tuesday at CNY 5,236/t ($808/t), and the same contract for hot rolled coil closed down CNY 35/t at CNY 5,569/t.
China Iron & Steel Association (CISA) data shows daily steel production at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous