26
Aug
14:50
Chinese rebar rebounds on improving demand
China's construction steel market rebounded last week, and macro policy stimulus combined with a slight demand recovery to support prices, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,060-4,080/tonne ($592-595/t), up CNY 40/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,097/t, up by CNY 45/t compared with Thursday and CNY 168/t from the previous Friday.…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous