13
Dec
11:16
Steel futures thrive on raw materials support
Supported by the rise of multiple raw material futures such as metallurgical coal and iron ore on Monday, Chinese rebar and hot rolled coil futures rebounded steadily, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 93/tonne higher than last Friday at CNY 4,415/t ($694/t). Meanwhile, the same contract for hot rolled coil closed up CNY 92/t at CNY 4,535/t.
The increased safety inspections…
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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