21
Dec
09:23
Steel futures jump as sentiment firms
Chinese steel futures surged to their intraday limit on Monday and remained high by market close. The market gained strong confidence following official reports over the weekend from key economic policy meetings, Kallanish notes.
On the Shanghai Futures Exchange the May 2021 rebar contract closed CNY 144/tonne higher than last Friday at CNY 4,460/t ($681/t), while the same contract for hot rolled coil closed up CNY 133/t at CNY 4,742/t. In Tangshan,…
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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