15
Mar
12:20
Ferrous futures stabilise, await further direction
Chinese ferrous futures markets began to calm after accepting an expected drop in demand due Covid-19 outbreaks nationwide. Chinese rebar and hot rolled coil futures stablised on Tuesday., Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 58/tonne higher than Monday at CNY 4,753/t ($746/t), but the same contract for HRC closed down CNY 18/t at CNY 4,932/t.
Although demand is being hit, falling production offset so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous