09
Jan
10:28
Steel futures stabilise as costs trend lower
Markets looked calm on Monday, and Chinese rebar and hot rolled coil futures thus only closed a little lower than on Friday, but average daily trading prices were higher, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 14/tonne lower than Friday at CNY 4,093/t ($604/t), while the same contract for HRC lost CNY 20/t to CNY 4,146/t.
Stimulus policies are still supporting macroe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous