16
Mar
10:16
Steel futures rebound on policy stimulus signals
Positive signals released on Wednesday by the Financial Stability and Development Committee (FSDC) of the State Council have boosted confidence in the capital markets, which in turn led to an increase in rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 151/tonne higher than Tuesday at CNY 4,904/t ($772/t), and the same contract for HRC closed up CNY 148/t at CNY 5,080/t.
The national FSDC…
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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