24
Feb
12:05
China's rebar rises, sentiment calms down
China's construction steel market strengthened earlier last week and then fell back. Market sentiment has gradually cooled and led the transactions to return to rationality.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,130-4,150/tonne ($594-597/t), up CNY 90/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,224/t, down by CNY 4/t compared with Thursday but gaining CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous