11
Apr
14:21
Weakening sentiment suppresses Chinese ferrous futures
The current round of Covid-19 lockdowns continues in many places across China, including Shanghai, and is still expected to persist through April. Market sentiment is extremely frustrated because traditional peak season activity in March and April has been severely hit, which suppressed Chinese rebar and hot rolled coil futures on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 152/tonne lower than …
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