30
Jun
15:42
Steel futures rebound as restrictions support sentiment
Chinese rebar and hot rolled coil futures rebounded more sharply on Wednesday than the previous day’s declines due to expectations of more restrictions. Daily trading volumes have been declining for a week, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 111/tonne higher than Wednesday at CNY 5,147/t ($797.5/t), and the same contract for HRC closed up CNY 113/t at CNY 5,428/t.
Anhui has required steelmakers to produce…
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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