09
Sep
10:42
Steel futures jump on bullish sentiment, declining inventory
Boosted by declining inventories, surging raw material futures and strong stock markets, Chinese rebar and hot rolled coil futures jumped on Thursday, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 230/tonne higher than Wednesday at CNY 5,682/t ($880/t), and the same contract for HRC closed up CNY 117/t at CNY 5,893/t.
Bullish sentiment was supported by strong stock markets and surging coke and coking coal f…
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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