04
Jan
10:09
Steel futures climb on Indonesian coal export ban
Chinese coal-related futures were boosted by Indonesia's export ban on the first trading day of the new year, which in turn supported rebar and hot rolled coil futures, Kallanish notes. Indonesia decided to ban coal exports in January to secure supply to domestic power plants.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 80/tonne higher than the previous Friday at CNY 4,395/t ($691/t), while the same contract for HRC closed up CNY 8…
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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