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…
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Kallanish Asia
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