23
Mar
11:13
Steel futures remain quiet while Tangshan announces lockdown
Covid-19 lockdown measures continue to put pressure on both production and demand, but Chinese rebar and hot rolled coil futures remained high and fluctuated slightly on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 65/tonne higher than Tuesday at CNY 4,983/t ($782/t), and the same contract for HRC closed up CNY 26/t at CNY 5,189/t.
Tangshan announced an overall blockade on movement from Tuesday with an unspe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous