24
Jan
08:42
Steel futures hike further on increased liquidity
Chinese rebar and hot rolled coil futures slowly climbed to two-week highs on Wednesday as the Chinese government works to inject more liquidity into markets, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,955/tonne ($552/t) on Wednesday, up CNY 23/t on the prior trading day. The same contract for HRC gained CNY 31/t to CNY 4,080/t.
Pan Gongsheng, governo…
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