10
Aug
16:38
Steel futures fall on negative policy signals
Chinese rebar and hot rolled coil futures fell slowly again on Wednesday. This was driven by China’s Central Bank's winding in of expansionary monetary policy and external pressure caused by expectations of US interest rates hiking by another 100 basis points, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 23/t lower than Tuesday at CNY 4,066/t ($605/t), and the same contract for HRC closed down …
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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