31
Jul
07:41
Steel futures react calmly to NDRC’s consumption stimulus
China’s National Development and Reform Commission on Monday announced 20 measures to promote consumption including for autos and home appliances. However, the market could not sniff out any new ideas, so rebar and hot rolled coil futures kept stable, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 4/tonne lower than Friday at CNY 3,847/t ($539/t), and the same contract for HR…
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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