25
Jul
12:17
Rebar futures maintain lead over HRC
Supported by rising raw materials, Chinese steel futures continued to rise on Monday. Rebar futures still maintain their lead over HRC, but the gap has shortened, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 4/t lower than Friday at CNY 3,859/t ($572/t), but the same contract for HRC closed up CNY 36/t at CNY 3,757/t.
Mills were said to have resumed some production recently, which was an …
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Anonymous
Very good overview of the weekly steel market.
Anonymous