30
Sep
14:09
China's rebar gains before holiday
Restocking demand before the October holiday has driven up Chinese rebar prices, while the depreciation of the CNY has stimulated exports in September.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($548-551/t), rebounding by CNY 70/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,799/t, down by CNY 37/t compared with Thursday but CNY 33/t higher from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous