01
Jun
11:33
Steel futures grow further on Shanghai recovery
Boosted by Shanghai’s full return to business post Covid-19 lockdown on Wednesday, and the reduction of short positions, Chinese rebar and hot rolled futures maintained growth for the fourth day in a row, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 28/tonne higher than Tuesday at CNY 4,712/t ($705/t), and the same contract for HRC closed up CNY 27/t at CNY 4,816/t.
The rise in futures prices is m…
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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