20
Sep
10:52
Steel futures fall on stable loan prime rate
China's loan prime rate (LPR) has remained stable against expectations of further easing. This pushed Chinese rebar and hot rolled coil futures lower on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 37/tonne lower than Monday at CNY 3,659/t ($522/t), while the same contract for HRC lost CNY 46/t at CNY 3,704/t.
The People's Bank of China on Tuesday kept LPR stabl…
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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