21
Dec
09:30
Chinese steel futures rebound as production restrictions strengthen
Chinese steel futures fluctuated during the whole day on Wednesday, Kallanish notes. They were however stimulated somewhat by increased price offers from mills and stronger production restrictions even though smog is forecast to gradually clear after 21 December.
The May rebar contract on the Shanghai Futures Exchange closed at CNY 3,169/tonne ($455.93/t), up by CNY 12/t, while the same contract for hot rolled coil closed up CNY 33/t at CNY 3,588/t.
Shag…
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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