22
Nov
13:39
Steel future rebound gives traders hope
Chinese commodity futures prices soared unexpectedly on Tuesday as investors came back into the market. Physical traders were at a loss to explain the increase but lifted their offers as it may prove to be one of the few opportunities to do so this month, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 164/tonne at CNY 2,900/t ($421/t), while the same contract for hot rolled coil closed up CNY 189/t at CNY 3,342/t. Raw …
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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