28
Oct
11:12
Steel futures rebound on tax deferral for manufacturers
Market sentiment was boosted on Thursday by tax breaks for small and medium manufacturing enterprises. With support from Tangshan’s production restrictions starting on 28 October (see separate article), Chinese rebar and hot rolled coil futures rebounded, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 57/tonne higher than Wednesday at CNY 4,712/t ($736.5/t), and the same contract for HRC closed down&n…
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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