22
Nov
11:02
Steel futures stabilise despite new real estate financing
Despite the announcement of new financial support for real estate, Chinese rebar and hot rolled coil futures on Tuesday failed to climb amid the widespread Covid outbreaks and controls, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed CNY 6/tonne higher than Monday at CNY 3,677/t ($515/t), while the same contract for HRC lost just CNY 1/t to CNY 3,755/t.
The central bank intends to release a &quo…
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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