27
Apr
13:43
Steel futures slow gains as market calms
Chinese rebar and hot rolled coil futures slowed down on Tuesday, after recent rapid increases driven by expectations of production limits and pre-holiday replenishment, Kallanish notes.
On 27 April on the Shanghai Futures Exchange, October 2021 rebar futures closed CNY 40/tonne higher than the previous Friday at CNY 5,411/t ($834/t), and the same contract for HRC closed up CNY 15/t at CNY 5,752/t.
Steel mills in Northern China are focusi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous