Tag: SteelMint Morning Brief

Chinese steel futures on the Shanghai Futures Exchange (SHFE) have been fluctuating strongly, showing an overwhelming downtrend at close for the last couple of days. Yesterday, both the rebar and HRC indices were trading down 4-5% mid-day to close 3% down. Rebar futures Oct contract closed down 3% d-o-d at RMB 5,247/t, a drop of…