21
Mar
12:18
Ferrous futures stabilise as Tangshan implements controls
The market did not usher in major changes over the weekend. Chinese rebar and hot rolled coil futures thus remained stable on Monday. However, due to the continuous and even stricter control measures in some provinces, coupled with geopolitical turmoil, futures may fluctuate lower again this week, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 30/tonne lower than Friday at CNY 4,923/t ($774/t), but the same contract for H…
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Anonymous
Very good overview of the weekly steel market.
Anonymous