02
Apr
09:57
Steel futures gain on output restriction rumours
Chinese rebar and hot rolled coil futures continued to rise on Tuesday, as rumours of production restrictions once again disrupted market trends, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,506/tonne ($484/t) on Monday, up CNY 14/t on the prior trading day. The same contract for HRC gained CNY 30/t to CNY 3,688/t.
According to the latest rumours spreading in the market on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous