26
Oct
12:49
Steel futures correct higher despite electric uncertainty
The bearish sentiment in futures markets has started to ease after a few days of falling. Chinese rebar and hot rolled coil futures began to correct upwards on Tuesday as there were no further clear changes in fundamentals, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 92/tonne higher than Monday at CNY 4,917/t ($771/t), and the same contract for HRC closed up CNY 56/t at CNY 5,236/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