17
Mar
11:13
Steel futures rebound amid influx of funds
Chinese rebar and hot rolled coil futures rebounded on Wednesday as the market gradually digested the previous day’s rumours of export restrictions, Kallanish notes.
On 17 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 84/tonne higher than Tuesday at CNY 4,785/t ($736/t). The same contract for hot rolled coil closed up CNY 53/t at CNY 4,984/t.
Restrictions on exports could mean weaker steel prices as …
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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