20
Oct
13:24
Chinese rebar boosted as supply pressure eases
China's construction steel market rebounded last week as market sentiment has been boosted with the easing of supply pressure.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,650-3,670/tonne ($498-501/t), recovered by CNY 50/t from a week before, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,610/t, down CNY 34/t compared with Thursday and CNY 10/t lower from the previous Friday…
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Anonymous
Very good overview of the weekly steel market.
Anonymous