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24 Apr

Chinese steel futures continue upswing, steel output rises

Chinese steel saw more positive indicators on Tuesday as futures rose again and early-April average daily output moved up soundly from late March. On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,562/tonne ($565/t), CNY 52/t higher than Monday. The same contract for hot rolled coil meanwhile closed up CNY 28/t at CNY 3,675/t.  In Tangshan, billet prices rose again following Monday’s rise, by CNY 10/t to CNY 3,590/t. This is …
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