11
Jan
11:43
Steel futures rebound on project acceleration
The executive meeting of the State Council has proposed to accelerate the implementation of key projects in the "14th Five-Year Plan" and other measures that will promote steel consumption. This improvement in outlook boosted Chinese rebar and hot rolled coil futures on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 97/tonne higher than Tuesday at CNY 4,589/t ($720/t), while the same cont…
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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