08
Sep
13:00
Steel futures rebound on special bonds
Chinese futures prices rebounded on Thursday after a State Council meeting approved the use of excess special bonds for infrastructure construction projects, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 46/tonne ($6.61/t) higher than Wednesday at CNY 3,719/t ($535/t), while the same contract for HRC gained CNY 41/t on-day to CNY 3,802/t.
Trading in the spot market rebounded on Thursday as futu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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