21
Nov
10:22
Steel futures slip as Shijiazhuang tightens Covid policy
Due to an increase in the number of confirmed Covid cases and changes to the recent policy relaxation, Chinese rebar and hot rolled coil futures slipped amid weakened sentiment, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 45/tonne lower than Friday at CNY 3,671/t ($512/t), while the same contract for HRC lost CNY 51/t to CNY 3,756/t.
Over the weekend, Shijiazhuang announced it will imple…
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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