18
Dec
12:19
Chinese rebar gains but demand holds
China's rebar market prices have skyrocketed again, reaching a two-year high since November 2018, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,250-4,270/tonne ($650-653/t), up CNY 225/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for January 2021 closed at CNY 4,316/t. This was CNY 141/t higher compared with Thursday and CNY 283/t higher than the previous Frid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous