03
Dec
11:15
Chinese rebar rebounds on restrictions
The Chinese rebar market rebounded slightly last week, with news of production restrictions driving up market sentiment, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,630-4,650/tonne ($726-729/t), up by CNY 30/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the May 2022 rebar contract closed at CNY 4,384/t, up CNY 96/t compared with Thursday and up CNY 13/t compared wi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous