19
Mar
08:58
Chinese rebar gains despite weak sales
China's rebar prices rose slightly last week due to news of production restrictions inTangshan, but limited sales growth has limited the upward momentum of rebar prices, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,550-4,560/tonne ($700-701/t), up by CNY 5/t from a week before. On the Shanghai Futures Exchange the rebar contract for May 2021 closed at CNY 4,746/t. This was CNY 13/t lower compared with Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous