15
Apr
13:52
China's rebar holds despite RRR cut
Chinese rebar prices were unchanged last week after the country’s central bank announced a cut in the reserve ratio to stimulate the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,830-4,850/tonne ($758-761/t), unchanged from a week earlier. The October rebar contract on the Shanghai Futures Exchange closed at CNY 5,049/t, up by CNY 45/t compared with Thursday and up CNY 30/t comp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous