08
Oct
12:50
China's rebar jumps after holiday
China's rebar market has recovered strongly after the Golden Week holiday, with support from construction demand and reduced supply amid eastern mills’ production curbs, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,820-5,850/tonne ($902-907/t), up CNY 25/t from the last trading day before the holiday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY 5,750/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous