29
Mar
09:14
Ferrous futures gain on raw materials support
Chinese rebar and hot rolled coil futures continued to recover on Wednesday, with iron ore futures inching higher and giving steel futures a boost.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 15/tonne ($2.1/t) higher than Tuesday at CNY 4,151/t ($602/t), while the same contract for HRC gained CNY 15/t to CNY 4,271/t.
With the period of rainfall coming to an end, the haze hanging over the steel mark…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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