29
Aug
10:33
Steel futures tumble on US Fed’s hawkish stance
Expectations of an interest rate hike in September have soared following US Federal Reserve chairman Jerome Powell's speech on Friday night, thereby suppressing China's rebar and hot rolled coil futures markets on Monday. The markets are approaching one-month lows, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 132/tonne lower than Friday at CNY 3,965/t ($586/t), and the same contrac…
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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