02
Aug
09:24
Steel futures fluctuate higher against geopolitical tensions
Chinese rebar and hot rolled coil futures began Tuesday with a fall, like most products in financial markets, amid tensions over US House Speaker Nancy Pelosi's trip to Taiwan. But bulls pulled prices higher again in the afternoon, and steel futures finally closed higher, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 11/t higher than Monday at CNY 4,104/t ($607/t), and the same con…
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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