22
Nov
14:42
Chinese steel futures trends diverge
Chinese rebar and hot rolled coil futures showed different trends on Monday. Rebounding iron ore supported steelmaking costs, but HRC futures fell nonetheless, Kallanish notes.
On the Shanghai Futures Exchange, the January 2022 rebar contract closed CNY 15/tonne higher than the previous Friday at CNY 4,300/t ($674/t), but the January 2022 contract for HRC closed down CNY 58/t at CNY 4,405/t.
Futures funds were cautious on Monday, waiting for the tr…
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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