30
Mar
12:33
Steel futures close higher as Tangshan eases control
Market sentiment and raw materials prices slowly pushed up Chinese rebar and hot rolled coil futures after initial concerns on Wednesday, Kallanish notes. A moderate relaxation in Covid-19 restrictions in Tangshan may trigger a resumption in steel production.
On the Shanghai Futures Exchange, the most traded October 2022 rebar contract closed CNY 22/tonne higher than Tuesday at CNY 5,034/t ($788/t), while the May contract for HRC closed up CNY 9/t at CNY 5,26…
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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