08
Dec
12:07
Steel futures retreat as market sentiment calms down
Market sentiment has quickly calmed down after the stimulus of monetary policy earlier in the week and demand is under pressure from the spread of Covid. Chinese rebar and hot rolled coil futures fell back to the level of the beginning of the week on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 100/tonne lower than Tuesday at CNY 4,350/t ($685/t). Meanwhile, the same contract for HRC closed down CNY 106/t at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous