10
Jul
13:09
Chinese rebar gains on demand rebound
China's rebar market has strengthened, as demand and transactions have boosted market confidence, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,510-3,520/tonne ($501-503/t), up CNY 60/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,690/t, CNY 74/t higher compared with last Friday but CNY 36/t lower than T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous