22
Sep
09:23
Chinese rebar corrects one week's gain
The Chinese construction steel market showed frequent fluctuations last week, and the collapse of steel futures led to another downturn in market sentiment.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,700-3,720/tonne ($506-509/t), unchanged from last week, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,779/t, up CNY 17/t compared with Thursday but CNY 45/t lower from the previou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous