04
Sep
10:11
Ferrous futures steady as supply pressure remains
Despite first home loan preference policies being further promoted in tier-1 cities, Chinese rebar and hot rolled coil futures remained relatively steady on Monday due to supply pressure, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract ended Monday at CNY 3,770/tonne ($520/t), down CNY 8/t on the prior trading day. The January 2024 contract for HRC now is the most-traded one, which l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous