14
Apr
12:07
Stimulus policy signals push up steel futures slowly
Following the announcement of a meeting on specific economic stimulus measures to be held by the National Development and Reform Commission (NDRC) on Friday, Chinese rebar and hot rolled coil futures inched up on Thursday afternoon, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 89/tonne higher than Wednesday at CNY 5,004/t ($785/t), and the same contract for HRC closed up CNY 74/t at CNY 5,160/t.
Th…
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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