05
May
14:05
Steel futures enjoy stimulus as post-holiday inventory grows
Due to the policy stimulus signals released by the Politburo meeting at the end of April, Chinese rebar and hot rolled coil futures continued to rise slowly during the first trading day after the Labour Day holiday. Overall inventories inevitably returned to expansion, however, as actual demand has been weak, Kallanish observes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 13/tonne higher than the prior trading day at CN…
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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