17
Jan
09:11
Steel futures gain slowly on economic recovery expectations
Chinese economic data for 2022 and the higher growth target set for 2023 successfully stimulated Chinese rebar and hot rolled coil futures on Tuesday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 26/tonne higher than Monday at CNY 4,119/t ($608/t), while the same contract for HRC gained CNY 15/t to CNY 4,148/t.
According to the National Bureau of Statistics, China’s …
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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