11
Jan
12:05
Steel futures hike further on financing expansion
Chinese rebar and hot rolled coil futures on Wednesday broke through again to the highest level since the end of June, Kallanish observes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 37/tonne higher than Tuesday at CNY 4,161/t ($615/t), while the same contract for HRC gained CNY 27/t to CNY 4,193/t.
Credit expansion is expected to develop rapidly after the Chinese New Year, helping real e…
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