21
Nov
08:01
Steel futures hold firm on positive macro mood
News of easing of credit to the real estate sector fermented further on Tuesday, keeping Chinese rebar and hot rolled coil futures stable at high levels. HRC futures fell slightly but remained above the critical CNY 4,000/tonne ($561/t) level, Kallanish notes. The retreat of steel futures on Tuesday afternoon was due to expectations that credit issuance in the first quarter of 2024 could be lower than a year earlier.
On the Shanghai Futures Exchange, the most-trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous