18
Feb
08:43
Ferrous futures surge after safe Chinese New Year
Chinese rebar and hot rolled coil futures soared on Thursday, the first trading day after the Chinese New Year holiday. Market sentiment was supported by a drop in Covid-19 cases despite large-scale population movements, Kallanish notes.
On 18 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 125/tonne higher than the previous trading day – 10 February – at CNY 4,529/t ($701/t). The same contract for HRC closed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous