18
Sep
10:57
Steel futures hike on boosted mood
Chinese rebar and hot rolled coil futures hiked further on Monday with rebar at the highest level since early August, Kallanish notes. Sentiment has been supported by better-than-expected manufacturing investment data for August and a reserve requirement ratio cut last Friday.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Monday at CNY 3,842/tonne ($527/t), up CNY 18/t on the prior trading day. The same contract for …
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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