16
Nov
11:41
Steel futures push higher as supply drops
Recently-announced support for real estate financing, coupled with declining steel production, is still supporting market sentiment. Chinese rebar and hot rolled coil futures have continued to rise and set a new one-month high on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 50/tonne higher than Tuesday at CNY 3,742/t ($529/t), while the same contract for HRC gained CNY 30/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