09
Nov
12:09
Steel futures edge up on real estate financing
Chinese rebar and hot rolled coil futures edged up on Wednesday as private real estate enterprise financing will be supported by government. The two futures have erased nearly 45% and 60% of their losses from early-to-late October, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 19/tonne higher than Tuesday at CNY 3,590/t ($495/t), while the same contract for HRC gained CNY 41/t to CNY 3,686/t.
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