26
Jul
06:12
Steel futures stabilise as policy stimulus calms down
After being pushed up by the stimulus signals released by the Politburo meeting for nearly two days, Chinese rebar and hot rolled coil futures began to calm down and show a steadier trend on Wednesday., Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 6/tonne lower than Tuesday at CNY 3,851/t ($538/t), while the same contract for hot rolled coil gained CNY 34/t to CNY 4,051/t.
On th…
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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