07
May
12:57
Chinese rebar surges on strong raw material support
China's rebar market prices have soared after the holiday, and strong raw material prices and steel demand have led to strong market expectations, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,370-5,380/tonne ($831-833/t), up by CNY 255/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,678/t, CNY 13/t higher compared with Thursday and CNY 28…
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Anonymous
Very good overview of the weekly steel market.
Anonymous