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24 Mar
10:32

Tangshan environmental detentions boost steel futures

Chinese rebar futures rebounded on Tuesday and hot rolled coil futures kept rising amid continuing high-intensity environmental inspections in Tangshan, Kallanish notes. On 24 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 101/tonne higher than Tuesday at CNY 4,816/t ($739/t). The same contract for HRC closed up CNY 33/t at CNY 5,161/t, hitting a historic high for the second consecutive day. Twelve people …
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