10
Mar
11:37
China's rebar gains on strong outlook
China's rebar market jumped up and down last week, but recovering demand underpinned a week-on-week price gain.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,160-4,180/tonne ($598-601/t), up CNY 30/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,314/t, up by CNY 1/t compared with Thursday and gaining CNY 42/t from a week before.
The convening of China's &l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous