19
Jan
13:44
Steel futures accelerate as market confidence boosted
China's looser monetary policy continued to boost confidence in commodity markets on Wednesday, and thus resulted in further increases in rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 114/tonne higher than Monday at CNY 4,713/t ($742.5/t), while the same contract for HRC closed up CNY 106/t at CNY 4,815/t.
The National Development and Reform Commission's attitude towards e…
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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