11
Jan
11:00
Ferrous futures slump on rising Covid-19 cases
The rising number of confirmed Chinese Covid-19 cases over the weekend and into this week have exacerbated market concerns, increasing risk aversion and resulting in a slump in futures prices. Fundamentals for rebar and hot rolled coil have shown little improvement, Kallanish notes.
On 11 January on the Shanghai Futures Exchange May 2021 rebar futures closed CNY 139/tonne lower than last Friday at CNY 4,348/t ($671.5/t), while the same contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous