22
Feb
10:32
Ferrous futures surge on US stimulus bill expectations
Investor confidence triggered by new developments over the $1.9 trillion US stimulus bill drove steel futures up on Monday, Kallanish notes. Hot rolled coil futures surged more than rebar thanks to a tighter physical market.
On 22 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 58/tonne higher than last Friday at CNY 4,582/t ($709/t), and the same contract for HRC closed up CNY 132/t at CNY 4,822/t. Rebar hit the highest…
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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