11
Jun
12:45
Chinese rebar rises on restrictions
China's rebar market rebounded last week after starting the week with a decline. Production restrictions announced on Friday stimulated another jump in prices, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,960-4,980/tonne ($776-779/t), up by CNY 60/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,322/t, CNY 154/t higher compared with Thursday and&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous