24
Aug
10:59
Steel futures keep rising as production gains
Although they have decelerate into the third consecutive day, Chinese rebar and hot rolled coil futures maintained their upward trends. The market has positive expectations for rising demand amid cooler weather, following the record-breaking heat waves of recent weeks Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 34/t higher than Tuesday at CNY 4,086/t ($592/t), and the same contract f…
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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