18
Apr
14:41
Steel futures stabilise despite weak real estate data
Chinese rebar and hot rolled coil futures held steady on Monday amid a long-short game as economic date for the first quarter waned as expected, despite the central government releasing funds to the market through looser monetary policies, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 14/tonne ($2.2/t) higher than Friday at CNY 5,063/t, but the same contract for HRC closed down CNY 12/t at CNY 5,186/t.
C…
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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