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12 Dec
12:37

Chinese futures rebound on Shanxi output restrictions

Chinese rebar and hot rolled coil futures rebounded on Tuesday, with steel mills limiting production to start a new round of price increases, Kallanish notes. On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 4,060/tonne ($566/t) on Monday, up CNY 35/t on the prior trading day. The same contract for HRC gained CNY 27/t to CNY 4,133/t. Taiyuan Municipal Ecology and Environment Bureau of Shanxi Pro…
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