04
Aug
13:51
Chinese rebar decreases with weak buying
Chinese construction steel prices have sustained a week of declines, despite the government announcing more real estate stimulus measures.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,620-3,640/tonne ($503-506/t), down CNY 50/t from the previous week, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,736/t, up CNY 8/t compared with Thursday but down CNY 115/t from the prev…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous