21
Apr
12:38
Steel futures climb again on more restrictions
Chinese rebar and hot rolled coil futures have kept rising as expectations of production cuts were strengthened by new restrictions starting from Thursday in Fengrun, Tangshan, as well as restrictions in Handan, Kallanish notes.
On 21 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 23/tonne higher than Tuesday at CNY 5,188/t ($798/t), and the same contract for HRC closed up CNY 55/t at CNY 5,484/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