15
Sep
14:57
Steel futures head up on production curbs
Jiangsu, a major Chinese steel producing province, is rumoured to be reducing power supply to industry, including steel, contributing to Chinese rebar and hot rolled coil futures rising slightly on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 26/tonne higher than Tuesday at CNY 5,518/t ($858/t), and the same contract for HRC closed up CNY 5/t at CNY 5,694/t.
Market traders say the…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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