19
Apr
11:25
Steel futures react calmly to output cap, lockdowns
Chinese rebar and hot rolled coil futures responded calmly to the suppression of annual crude steel control target announced by the National Development and Reform Commission (NDRC) on Tuesday, and even fell due to the sharp drop in raw materials, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 52/tonne lower than Monday at CNY 5,011/t ($785/t), and the same contract for HRC closed down CNY 22/t at CNY 5,16…
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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