20
Nov
08:33
Steel futures bounce back on financing relaxation signal
Chinese rebar and hot rolled coil futures erased Friday’s declines and bounced back on Monday due to some financing relaxation signals for the real estate market, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Monday at CNY 3,983/tonne ($555/t), up CNY 54/t from the prior trading day. The same contract for HRC gained CNY 35/t to CNY 4,047/t.
It was reported on Monday that Ch…
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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