24
May
12:24
Steel futures tumble lower
Although the Chinese government has continued to boost the economy through stimulus policies, market players judged measures to have limited effectiveness and pushed rebar and hot rolled coil futures lower, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 136/tonne lower than Monday at CNY 4,468/t ($670/t), and the same contract for HRC closed down CNY 122/t at CNY 4,609/t.
The latest executive meeting of t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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