25
Jul
10:50
Steel futures surge despite stimulus concerns
The latest central politburo meeting read-out released on Monday unveiled the government’s attention on economic recovery in the second half of the year. This caused Chinese rebar and hot rolled coil futures to surge on Tuesday, touching three-month highs, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 64/tonne higher than Monday at CNY 3,857/t ($540/t), and the same contract for …
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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