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10 Nov
09:47

China's rebar surges on demand

China's rebar market surged last week. However, market traders expect that supply from northern China will ease sizes shortages and pressure prices. In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,880-3,900/tonne ($532-535/t), gaining CNY 80/t from a week before, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,879/t, up CNY 26/t compared with Thursday and CNY 155/t higher from th…
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