17
Mar
11:08
Steel futures stay put as inventory slows decline
After being stimulated by positive government signalling, Chinese rebar and hot rolled coil futures lacked stamina and finally edged lower on Thursday in a period when end sue demand has been hit by Covid-19 outbreaks, Kallanish notes. Government policy meanwhile continues to slide towards stimulus over reform.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 2/tonne lower than Wednesday at CNY 4,902/t ($772/t), and the same contract for HR…
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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