Steel futures stabilise as policy stimulus calms down
Views : 67
Update time : 2023-07-27 16:17:06
After being pushed up by the stimulus signals released by the Politburo meeting for nearly two days, Chinese rebar and hot rolled coil futures began to calm down and show a steadier trend on Wednesday., Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 6/tonne lower than Tuesday at CNY 3,851/t ($538/t), while the same contract for hot rolled coil gained CNY 34/t to CNY 4,051/t. On th…
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
