28
Nov
10:54
Steel futures climb as RRR cuts confirmed
Chinese rebar and hot rolled coil futures have been holding at higher levels since Friday night trading as China pumped more liquidity into the market, Kallanish notes. But the increase is limited as fundamentals are still struggling.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 2/tonne higher than Friday at CNY 3,738/t ($520/t), while the same contract for HRC gained CNY 10/t to CNY 3,845/t.
The Peoples Bank of 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