06
May
11:10
Steel futures open May with surges
After bidding goodbye to the Labour Day holiday, Chinese rebar and hot rolled coil futures surged over 2% on the first trading day of May, with both touching a two-month high , Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,735/tonne ($518/t) on Monday, up CNY 79/t compared with the prior trading day, 30 April. The same contract for HRC gained CNY 73/t to C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous