NewsFlash / Steel / Steel Futures Rally Continues, Closing Higher Amid Cautious Market Sentiment
Steel Futures Rally Continues, Closing Higher Amid Cautious Market Sentiment
iconSep 30, 2024 16:18
Source:SMM
The steel futures market continued to rally after opening higher in the morning today, with the main contract I2501 rising to a high of 835, and finally closing at 821.5, marking a daily increase of 10.71%. Traders showed moderate enthusiasm in shipping out goods; steel mills mainly adopted a cautious wait-and-see attitude with weak purchasing intentions. Today's market trading atmosphere was average. Transaction prices increased by 30-35 yuan/ton compared to yesterday; short-term macro sentiment remained high, and iron ore prices continued to fluctuate on the strong side...

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