08
Dec
09:46
Chinese rebar gains, market looks for stimulus
China's rebar futures prices turned strong last week, as the upcoming central economic work conference has fuelled market expectations for policy stimulus.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,970-3,990/tonne ($554-557/t), up CNY 70/t from last week, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 4,042/t, up CNY 31/t compared with Thursday and CNY 66/t higher from the p…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous