11
Aug
11:14
Steel futures increase further on reduction expectations
Boosted by Tangshan’s possible tighter production restrictions in the coming months and the annual steel output reduction target, Chinese rebar and hot rolled coil futures kept rising during night trading and then stabilised on Wednesday, Kallanish notes.
On 11 August on the Shanghai Futures Exchange. January 2022 rebar futures replaced October as the most traded contract, and closed CNY 100/tonne higher than Tuesday at CNY 5,597/t ($863/t). The October 2021…
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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