31
May
14:46
Steel futures keep climbing on pre-holiday expectations
With the support of rising raw material futures, Chinese rebar and hot rolled coil futures kept climbing on Tuesday as Shanghai's opening up supported pre-holiday trading this week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 63/tonne higher than Monday at CNY 4,684/t ($694/t), and the same contract for HRC closed up CNY 56/t at CNY 4,789/t.
Although the resumption of activity in Shanghai has …
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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