03
Jan
07:59
HRC futures touch 9-month highs
Chinese steel market sentiment remained bullish on Wednesday on some stimulus signals. HRC futures touched nine-month highs, and rebar futures are just one step away from the seven-month high set in mid-December, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 4,055/tonne ($569/t) on Wednesday, up CNY 8/t on the prior trading day. The same contract for HRC however gained&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous