24
Jan
09:55
Chinese steel futures rebound as restrictions launched
Chinese steel futures prices soared on Tuesday, after steady trading overnight. The change in minimum trading margins and price limits on Chinese futures exchanges will take effect Wednesday (see Kallanish 20 January), as exchanges prepare for a bullish market after the holiday, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed at CNY 3,292/tonne ($480/t), up CNY 118/t from Tuesday, while the same contract for hot rolled c…
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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