20
Mar
13:13
Ferrous futures fall despite RRR cut
Chinese rebar and hot rolled coil futures fell, amid fluctuations, due to concerns about the recovery of real estate and bearishness in overseas financial markets. This is despite the People’s Bank of China announcing a reduction last Friday of the deposit reserve requirement ratio (RRR), Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 68/tonne lower than Friday at CNY 4,194/t&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous