17
Dec
15:19
China's rebar jumps on declining inventory
China's rebar prices recovered strongly last week, with some restking ahead of the Spring Festival, causing a decline in for-sale inventories, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,720-4,740/tonne ($741-744/t), up by CNY 100/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the May 2022 rebar contract closed at CNY 4,505/t, down by CNY 24/t compared with Thursday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous