13
Dec
03:57
Chinese futures firm as SHFE hikes fees
Chinese steel futures prices gained further on Tuesday with rebar outpacing hot rolled coil. The Shanghai Futures Exchange (SHFE) has implented an increase in commission on May hot rolled coil which hurt trading volumes but futures have so far resisted any lasting impact of such measures, Kallanish notes.
The SHFE May rebar contract closed at CNY 3,505/tonne ($506.96/t), up CNY 69/t, while the same contract for hot rolled coil closed up CNY 25/t at CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous