20
Apr
10:05
Rising raw materials support steel futures
Chinese rebar and hot rolled coil futures received strong support on Tuesday from raw materials including iron ore and coke. As a result, both futures contracts rebounded sharply without additional positive news on fundamentals, Kallanish notes.
On 20 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 83/tonne higher than Monday at CNY 5,165/t ($795/t), and the same contract for HRC closed up CNY 59/t at CNY 5,42…
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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