11
Jul
09:58
Steel futures rebound on stock-market sentiment
Chinese rebar and hot rolled coil futures on Thursday rebounded significantly on higher sentiment driven by the thriving stock market, Kallanish learns.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,514/tonne ($483/t) on Thursday, up CNY 36/t from the prior trading day. The same contract for HRC gained CNY 22/t to CNY 3,703/t.
China's securities market on Thursday blocked securities firms from len…
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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