31
Mar
10:45
Steel futures remain split as markets await rebate
Chinese rebar and hot rolled futures kept on diverging trends on Wednesday with no major change in fundamentals. HRC futures rose more slowly, extending to new highs, but rebar continues to sink following steelmaking costs, Kallanish notes.
On 31 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 31/tonne lower than Tuesday at CNY 4,935/t ($753/t). The same contract for HRC closed up CNY 11/t at CNY 5,383/t, hitting a new reco…
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Anonymous
Very good overview of the weekly steel market.
Anonymous