09
Apr
11:29
Chinese rebar gains but sentiment weakens
Chinese rebar prices soared early last week, but futures prices declined in the second half of the week and sentiment has weakened, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,870-4,880/tonne ($743-744/t), up by CNY 90/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,068/t, CNY 47/t lower compared with Thursday and CNY 51/t lower than th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous