13
Apr
11:45
Steel futures rebound on positive fundamentals
Chinese rebar and hot rolled coil futures rebounded on Tuesday, supported by the fundamentals of high demand and constrained production. HRC, in particular, gained rapidly thanks to strong physical spot markets, Kallanish notes.
On 13 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 31/tonne higher than Monday at CNY 5,116/t ($781/t), and the same contract for HRC closed up CNY 138/t at CNY 5,403/t.
HRC maint…
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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