03
Feb
13:34
Chinese rebar gains despite market downturn
China's construction steel market has recovered slowly after the holiday, and the market fell into negative sentiment, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,000-4,020/tonne ($593-596/t), up CNY 20/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,055/t, up by CNY 13/t compared with Thursday but losing CNY 124/t from the last trading day before…
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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