07
Sep
13:19
Steel futures hold in quiet market
Chinese rebar and hot rolled coil futures remained steady in a quiet market on Tuesday. Traders are trying to push offers higher to test the mood of buyers before the peak season, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 21/tonne higher than Monday at CNY 5,494/t ($850/t), but the same contract for HRC closed down CNY 1/t at CNY 5,821/t.
The market is observing how far restrictions on production w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous