15
Jul
08:15
Steel futures rebound on Plenary Session opening day
Chinese rebar and hot rolled coil futures rebounded along with better sentiment on Monday, the opening day of the Third Plenary Session of the 20th CPC Central Committee, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,551/tonne ($489/t) on Monday, up CNY 28/t from the prior trading day. The same contract for HRC gained CNY 25/t to CNY 3,734/t.
The Plenary Session is the most important …
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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