13
Mar
12:58
Chinese rebar firms despite financial market turmoil
Chinese rebar prices have risen this week as demand was picking up. Despite plunging global financial markets, Chinese rebar has performed well in both the futures and spot markets, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,370-3,380/tonne ($482-484/t), up CNY 30/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 closed at CNY 3,441/t, CNY 48/t higher from T…
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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