04
Aug
12:22
Steel futures rebound as sentiment calms
Steel market sentiment has steadied and Chinese rebar and hot rolled coil futures rebounded on Wednesday. Market participants had feared an easing in production cuts after last Friday’s Politburo meeting, but senior figures have reassured the industry that cuts will continue, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 207/tonne higher than Tuesday at CNY 5,454/t ($844/t), and the same contract for HRC cl…
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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