23
Aug
10:26
Steel futures rebound on recovering confidence
The Chinese steel market recovered slightly on Monday, and the gradual increase in market activity since last Friday brought back some confidence, Kallanish notes.
On the Shanghai Futures Exchange the January 2022 rebar contract closed CNY 2/tonne higher than last Friday at CNY 5,102/t ($785.7/t), and the same contract for hot rolled coil closed up CNY 6/t at CNY 5,464/t.
Spot market buyers actively began to order after prices fell, stimulatin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous