05
Dec
14:10
Steel futures firm as China eases control
China has accelerated the pace of opening up more than expected, stimulating steel market sentiment on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 4/tonne lower than last Friday at CNY 3,804/t ($547/t), while the same contract for HRC gained CNY 31/t to CNY 3,914/t.
While most of China's cities reported hundreds or even thousands of covid-19 cases, China ulti…
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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