19
Jan
08:02
Steel futures top half-year highs
Chinese rebar and hot rolled coil futures continued to rise on Thursday, both breaking through their highs since the end of June 2022, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 31/tonne higher than Wednesday at CNY 4,196/t ($608/t), while the same contract for HRC gained CNY 28/t to CNY 4,224/t.
Firm macro expectations are still the main force supporting futures to rema…
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Anonymous
Very good overview of the weekly steel market.
Anonymous