10
Sep
10:57
Chinese rebar gains on restrictions
The Chinese rebar market continued to soar last week, but government moves to suppress commodity prices led to a decline in the market on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,360-5,380/tonne ($832-835/t), up CNY 190/t from the week before. On the Shanghai Futures Exchange on Friday the January 2022 rebar contract closed CNY 42/t lower than Thursday at CNY 5,640/t, but CNY 232/t higher …
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Anonymous
Very good overview of the weekly steel market.
Anonymous