07
Jan
10:40
China's rebar rebounds on trading resumption
Chinese rebar rose slightly after returning from the New Year holiday, but the slow recovery of transaction levels resulted in only a limited increase, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,620-4,640/tonne ($725-728/t), up by CNY 10/t from the previous Friday. On the Shanghai Futures Exchange on the same day, the May 2022 rebar contract closed at CNY 4,526/t, up by CNY 32/t compared with Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous