28
Aug
11:06
Ferrous futures slide despite thriving stock markets
Stock markets were lively on Monday because stamp duty on securities transactions has been halved and this boosted all financial markets. However, Chinese rebar and hot rolled coil futures still edged down due to weak fundamentals and sentiment, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 49/tonne lower than Friday at CNY 3,667/t ($505/t), while the same contract for HRC l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous