15
Nov
13:18
Steel futures hike on stimulus, production cut rumours
Although October real estate data trended weaker in many aspects, Chinese rebar and hot rolled coil futures continued to rise and touched one-month highs on Tuesday. This was due to the positive outlook brought about by the boost to real estate financing, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 44/tonne higher than Monday at CNY 3,692/t ($524/t), while the same contract for HRC gained …
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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