10
Oct
13:29
Steel futures stabilise at higher levels after holiday
In the first trading day in October, following a nine-day closure amid the National Day holiday, Chinese rebar and hot rolled coil futures stabilised on Monday at levels higher than the prior trading day. This was because of production cut expectations and strong raw materials, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 76/tonne higher than the prior trading day, 30 September, at CNY 3,875/t&…
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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