08
Dec
11:03
Steel futures rebound on China's reopening
Chinese steel futures rose on Thursday, with market sentiment rebounding as China opens up further to Covid-19, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 57/tonne ($8/t) higher than Tuesday at CNY 3,839/t ($550/t), while the same contract for HRC gained CNY 37/t to CNY 3,945/t.
China's relaxation of Covid-19 controls has come faster than expected. The government's a…
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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