29
Jul
10:17
Chinese rebar gains on real estate stimulus
China's construction steel market surged last week on expectations of a recovery in the property market. Rising prices for raw materials such as iron ore and scrap have also spurred higher steel values, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($579-582/t), up CNY 200/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 3,996/t, down by CNY 62/t compa…
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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