01
Apr
10:31
Steel futures rebound, with market expecting policy support
Chinese rebar and hot rolled coil futures rebounded on the first trading day in April, after demand resumed and the government's intention to support the market boosted expectations.
On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,456/tonne ($478/t) on Monday, up CNY 44/t on the prior trading day. The most-traded contract switched to October 2024 contract for HRC, which gained CNY 62/t to …
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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