01
Mar
11:41
Steel futures maintain surge on macro, demand boost
With the short-term release of demand and macro data supporting market sentiment, Chinese rebar and hot rolled coil futures continued to soar on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 144/tonne higher than Monday at CNY 4,837/t ($766/t), and the same contract for HRC closed up CNY 127/t at CNY 5,079/t.
Trading volumes in spot steel markets improved early this week and boosted sentiment. Active transactio…
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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