22
Sep
10:36
Steel futures rebound after holiday
Production restrictions still dominate the direction of market sentiment, alongside expectations that post-holiday transactions will bring a slight price hike. Chinese rebar and hot rolled coil futures thus rebounded slightly on Wednesday, the first trading day after the Mid-Autumn holiday, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 178/tonne higher than last Friday at CNY 5,656/t ($875/t), and the same contra…
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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