28
Jan
08:39
China's rebar stable as market in stagnation
On the last day before the official Chinese New Year holiday, the Chinese rebar market was stalled and no transactions took place, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,610-4,630/tonne ($725-728/t), unchanged from the previous Friday. On the Shanghai Futures Exchange on the same day, the May 2022 rebar contract closed at CNY 4,829/t, up by CNY 156/t compared with Thursday and CNY 118/t higher&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous