29
Nov
10:43
Steel futures remain firm despite weak demand
With the implementation of recent policy measures and the continuous increase in support for real estate industry, Chinese rebar and hot rolled coil futures on Tuesday once again stabilised at a higher position than the previous day, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 27/tonne higher than Monday at CNY 3,765/t ($525/t), while the same contract for HRC gained CNY 35/t to CNY 3,880/t.&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