22
Jul
10:53
Chinese rebar rebounds on buying recovery
The Chinese rebar market saw demand pick up last week after a sharp price decline a week earlier. Steel prices pulled back slightly, but steel mills continued to expand maintenance to cut production.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,700-3,720/tonne ($547-550/t), up CNY 100/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 3,863/t, rebounding by CNY 32/t compared with Thursday,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous