10
May
12:56
Steel futures skyrocket to new record highs
Chinese rebar and hot rolled coil futures skyrocketed on Monday, following the overall rise in all steel-related sectors. Both of them have reached new record highs, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 334/tonne higher than last Friday at CNY 6,012/t ($937/t), while the same contract for HRC closed up CNY 336/t at CNY 6,335/t. In Tangshan, billet prices gained CNY 430/t since last Friday, also hitting a record hi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous