22
Aug
10:19
Steel futures rebound on loan interest cuts
The government's support to the housing market, reflected in a cut in interest rates, boosted Chinese rebar and hot rolled coil futures on Monday, after last week's slump. But extreme high temperatures across a third of the country continue to weigh on steel demand, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 81/t higher than Friday at CNY 4,010/t ($586/t), and the same contract f…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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