07
Apr
11:07
Chinese rebar recovers losses on demand backlog
China's construction steel market ended a week of losses on Friday, with spot prices recovering quickly as market transactions rebounded.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,980-4,000/tonne ($579-582/t), down by CNY 100/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,989/t, up by CNY 51/t compared with Thursday but still down CNY 172/t from a week bef…
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Anonymous
Very good overview of the weekly steel market.
Anonymous