14
Jul
12:25
Chinese rebar drops but futures inch higher
Chinese rebar prices showed completely opposite trends in the futures market and the spot market last week. Futures markets surged on the positive news, but spot markets slipped on lower trading sentiment.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,620-3,640/tonne ($507-510/t), down CNY 10/t again from the previous week, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous