02
Aug
11:11
Steel futures dive after Politburo meeting
A statement from the Politburo of the Chinese Communist Party on “correct campaign-style carbon reduction” hit market expectations on Monday. This came alongside a range of negative comments on the economy (see separate article), causing Chinese rebar and hot rolled coil futures to dive, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 323/tonne lower than the previous Friday at CNY 5,414/t ($838/t), but the …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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