03
Sep
10:53
China's rebar picks up on demand
The Chinese rebar market fluctuated but ultimately rose last week, and demand from construction sites supported the positive price trend at the end of the week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,170-5,190/tonne ($801-804/t), up CNY 120/t from the week before. On the Shanghai Futures Exchange on Friday the January 2022 rebar contract closed CNY 135/t higher than Thursday at CNY 5,408/t, and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous