23
Nov
13:49
Steel futures rebound on production resumption rumours
The Chinese steel futures market rebounded on Tuesday, led by stronger iron ore. Improved sentiment led to higher market transactions, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 15/tonne higher than the previous Friday at CNY 4,315/t ($676/t), and the January 2022 contract for HRC closed up CNY 18/t at CNY 4,423/t.
Since Monday, news that some Chinese steel mills will resume pro…
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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