23
Aug
12:18
Steel futures continue to rise slowly
Without further factors to propel a quiet market, Chinese rebar and hot rolled coil futures just continued to rise slowly on Tuesday fuelled by the recent interest rate cuts, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 42/t higher than Monday at CNY 4,052/t ($592/t), and the same contract for HRC closed up CNY 48/t at CNY 3,951/t.
After the loan prime rate (LPR) cuts annou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous