11
Nov
09:17
Steel futures rebound sharply on possible financial easing
Expectations that bond issuance policies for real estate companies could be loosened boosted the real estate market and ferrous futures on Thursday. The resulting booming confidence in this major steel consuming industry drove a sharp rebound in Chinese rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 197/tonne higher than Wednesday at CNY 4,443/t ($6…
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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