On January 16, the spread between the most-traded HRC and rebar contracts was 120 yuan/mt, down 7 yuan/mt MoM; the spread between Shagang HRC in Zhangjiagang and Zhongtian rebar in Hangzhou was 80 ...
UBS upgraded Commercial Metals (CMC) to Neutral from Sell with a price target of $54, down from $56. The firm sees a more balanced risk/reward ...
On January 14, the spread between the most-traded HRC and rebar contracts was 126 yuan/mt, up 18 yuan/mt MoM; the spread between Shagang's HRC in Zhangjiagang and Zhongtian's rebar in Hangzhou was 70 ...
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