12
Aug
13:02
Chinese rebar gains but demand shaky
Chinese rebar prices continued to fluctuate last week, after the market started strongly at the beginning of the week but then fell. Rebar prices were then again supported on Friday by production curb news, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,060-4,080/tonne ($602-605/t), up CNY 60/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,150/t, up by CNY 42/t com…
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Anonymous
Very good overview of the weekly steel market.
Anonymous