28
May
10:36
China's rebar prices rebound after plummeting
China's rebar prices fell sharpy for most of last week under the influence of the central government, but a rebound in futures caused prices to jump from Thursday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,720-4,730/tonne ($741-743), down by CNY 265/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 4,933/t, CNY 116/t higher compared with Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous