07
Dec
10:41
Steel futures rebound on financial support
China's steel futures market performed strongly on Tuesday under the stimulus of the reserve requirement ratio (RRR) cut and other policies. A jump in iron ore prices also supported steel prices, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 91/tonne higher than Monday at CNY 4,450/t ($683/t). Meanwhile, the same contract for hot rolled coil closed up by CNY 88/t at CNY 4,…
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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