28
Mar
10:32
Ferrous futures recover despite weak demand
Chinese rebar and hot rolled coil futures recovered slowly on Tuesday as pressure from overseas banking crises has eased this week, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 31/tonne ($4.5/t) higher than Monday at CNY 4,136/t ($600/t), while the same contract for HRC gained CNY 30/t to CNY 4,255/t.
The overall trend of China's steel market in March showed …
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