07
Mar
11:03
Steel futures hike with raw materials boost
The resource panic in the global market due to the Russian-Ukrainian war continues to boost sentiment in China's raw material market. This has in turn boosted rebar and hot rolled coil futures, while recovering demand is providng spot market support, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 193/tonne higher than Friday at CNY 5,094/t ($806/t), and the same contract for HRC closed up CNY 170/t at CNY 5,380/t…
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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