04
Mar
12:09
China's rebar rebounds, outlook weakens
China's steel market soared last week, but sentiment is expected to soften after the “Two Sessions” political meetings which started over the weekend, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,720-4,740/tonne ($747-750/t), up CNY 100/t from a week earlier. On the Shanghai Futures Exchange on the same day, the May 2022 rebar contract closed at CNY 4,901/t, up by CNY 21/t compared wit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous