12
Jan
11:53
Steel futures climb slowly on raw materials
Low-priced resources were being bought up on Wednesday, and the rise in raw materials prices such as for iron ore and coke supported a slow growth in Chinese rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 43/tonne higher than Tuesday at CNY 4,632/t ($728/t), while the same contract for HRC closed up CNY 32/t at CNY 4,751/t.
Domestic coal supply remains tight because of recent …
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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