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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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