28
Sep
16:33
Steel futures continue to rise amid tight market
Chinese rebar and hot rolled coil futures continued to rise on Tuesday, as more provinces are reducing steel production through power shortages, while pre-holiday restocking supported demand, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 70/tonne higher than Friday at CNY 5,634/t ($872/t), and the same contract for HRC closed up CNY 79/t at CNY 5,671/t.
Fujian has launched production reduction measures at steelm…
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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