18
Jan
11:38
Monetary easing policies boost steel futures
China's Central Bank's monetary policy adjustments on Tuesday, seen as a possible signal of a new easing cycle, boosted market confidence and in turn boosted rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 46/tonne higher than Monday at CNY 4,599/t ($724/t), while the same contract for HRC closed up CNY 44/t at CNY 4,709/t.
The People’s Bank of China (PBC) cut both Medium-t…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous