24
Nov
10:18
Steel futures jump again on Tangshan restrictions
Chinese steel futures prices gained strongly on Wednesday. Tangshan announced an extension of production restrictions, boosting expectations of lower supply pressure, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 187/tonne higher than the previous day at CNY 4,502/t ($705/t), and the January 2022 contract for hot rolled coil closed up CNY 176/t at CNY 4,599/t.
The Tangshan government an…
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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