02
Jun
11:12
Steel futures drop as Tangshan policies shift
Tangshan’s intention to loosen production restrictions on blast furnaces and converters has reportedly been rejected by higher-level decision-making bodies. Market sentiment has taken a turn for the worse as a result, causing a decline in Chinese rebar and hot rolled coil futures on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 126/tonne lower than Tuesday at CNY 5,002/t ($783/t), and the same co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous