23
Aug
10:20
Ferrous futures stabilise as production hikes
The boosting effect of macro speculation and raw materials costs was still exerting its power on Wednesday. The average daily transaction price of Chinese rebar and hot rolled coil futures thus moved up slowly compared with the previous day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract ended Wednesday at CNY 3,723/tonne ($512/t), level from the prior day. The same contract for HRC…
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Anonymous
Very good overview of the weekly steel market.
Anonymous