30
May
12:13
Steel futures maintain growth on mood improvement
Amid ambitions to boost the national economy in June to secure growth in the second quarter, Chinese rebar and hot rolled coil futures continued to rise slowly on Monday as sentiment improved, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 45/tonne higher than Friday at CNY 4,621/t ($694/t), and the same contract for HRC closed up CNY 35/t at CNY 4,733/t.
Shanghai plans to remove current additional c…
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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