17
Sep
13:02
China's rebar jumps on tighter supply
China's construction steel market performed strongly last week, due especially to a substantial price increase late in the week driven by restricted production, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,550-5,570/tonne ($860-863/t), up CNY 190/t from the week before. On the Shanghai Futures Exchange on Friday the January 2022 rebar contract closed CNY 63/t lower than Thursday at CNY 5,478/t, and CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous