06
Apr
11:36
Tangshan restriction tightening pushes steel futures higher
Tangshan’s further measures to limit steel production supported Chinese rebar and hot rolled coil futures on Tuesday, the first trading day after the holidays. HRC futures hit another new record close, Kallanish notes.
On 6 April on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 23/tonne higher than last Friday at CNY 5,180/t ($791/t). The same contract for HRC closed up CNY 10/t at CNY 5,566/t.
Tangshan has put more pressure on steel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous