27
Jul
10:05
Rebar futures push further ahead of HRC
In a relatively calm market, Chinese steel futures' gains were lacklustre on Wednesday. However, benefiting from the accelerated bailout of real estate companies by some local governments, rebar futures widened their spread with hot rolled coil, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 28/t higher than Tuesday at CNY 3,916/t ($579/t), while the same contract for HRC remained unchanged a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous