21
Feb
10:23
Steel futures move up amid strong raw materials
Thanks to the expected growth in raw material demand brought about by the resumption of blast furnaces, Chinese raw materials futures increased on Monday and, in turn, boosted rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 52/tonne higher than Friday at CNY 4,845/t ($765/t), and the same contract for HRC closed up CNY 52/t at CNY 4,959/t.
As the Winter Olympics ended on Sunday, a l…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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