15
Aug
10:54
Steel futures rebound on anticipation of stronger stimulus
Although an unexpected interest rate cut has raised doubts about the economic recovery, Chinese rebar and hot rolled coil futures still rose slowly on Tuesday in expectation of stronger stimulus policies, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 53/tonne higher than Monday at CNY 3,694/t ($507/t), and the same contract for HRC gained CNY 35/t to …
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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