12
May
12:48
Steel futures continue to rally on restrictions
The historical highs of Chinese rebar and hot rolled coil futures were broken again on Wednesday. New restrictions imposed in Tangshan and Handan dominated market sentiment throughout the day, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 85/tonne higher than Tuesday at CNY 6,171/t ($959/t), while the same contract for HRC closed up CNY 143/t at CNY 6,683/t.
Tangshan has required sinter plants at steel companies…
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Anonymous
Very good overview of the weekly steel market.
Anonymous