Rebar futures fluctuated upward today, closing at 3,249, up 1.44%. Spot market, driven by the rise in the futures market, saw slight price increases from most steel mills, with market merchants adjusting their quotes accordingly. Transactions after the price hike were moderate······
[SMM Rebar Daily Review] Futures Market Rises, Spot Market Activity Increases
- Jan 13, 2025, at 9:42 am
[SMM Rebar Daily Review: Futures Rose, Spot Market Activity Increased]
Today, rebar futures fluctuated upward, closing at 3,249, up 1.44%. In the spot market, driven by the rise in futures, most steel mills slightly raised prices, and market traders followed suit with higher quotes. Transactions after the price increase were moderate...