28
Mar
12:02
Steel futures inch up as Tangshan continues blockade
In response to strong raw materials prices and restricted steel supply due to the continued lockdown in Tangshan, Chinese rebar and hot rolled coil futures inched up on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 45/tonne higher than Friday at CNY 5,058/t ($794/t), while the same contract for HRC closed up CNY 22/t at CNY 5,304/t.
Tangshan announced on Saturday the extension of the city-wide lockdown with…
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Anonymous
Very good overview of the weekly steel market.
Anonymous