01
Mar
10:04
Steel futures rebound on robust manufacturing recovery
Boosted by a surprisingly strong recovery in the manufacturing purchasing managers’ index (PMI) in February, Chinese rebar and hot rolled coil futures turned to rise after several days of losses, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 42/tonne higher than Tuesday at CNY 4,216/t ($613/t), and the same contract for HRC gained CNY 44/t to CNY 4,304/t…
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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