18
Jan
13:57
Steel futures rise further on real estate support
The further support for the real estate industry expressed in high-level speeches has greatly stimulated sentiment and pushed up Chinese rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 46/tonne higher than Tuesday at CNY 4,165/t ($608/t), while the same contract for HRC gained CNY 48/t to CNY 4,196/t.
Vice Premier Liu He once again stat…
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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