20
Sep
10:02
Steel futures fall back as LPR holds
Chinese rebar and hot rolled coil futures on Wednesday were traded at a lower intraday average than the previous day, though rebar closed higher. The benchmark loan prime rate (LPR) held steady, frustrating hopes of cheaper credit, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Wednesday at CNY 3,842/tonne ($525/t), up CNY 11/t on the prior trading day. The same contract for HRC lost CNY 1/t to C…
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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