12
Dec
12:21
Steel futures pause as Covid policy easing continues
China is continuing to promote zero-Covid policy easing, but rebar and hot rolled coil futures had already absorbed the optimism on Friday. Despite closing lower than the prior trading day, average prices of rebar futures were still higher, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 10/tonne lower than Friday at CNY 3,935/t ($564/t), while the same contract for HRC gained CNY 5/t to CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous