22
Mar
11:26
Steel futures remain immobile as lockdown woes continue
The futures market mood has entered a period of exhaustion after persistent volatility, with hot rolled coil futures the only gainer among steel and raw materials futures on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 5/tonne lower than Monday at CNY 4,918/t ($773/t), but the same contract for HRC closed up CNY 31/t at CNY 5,163/t.
Qian’an in Tangshan has announced a lockdown from Tuesday, which is expe…
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