15
May
12:34
Chinese rebar gains on demand support
The latest economic data released for April shows that the Chinese economy is still recovering, giving confidence to steel markets, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,430-3,450/tonne ($483-486/t), up CNY 20/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,464/t, CNY 19/t higher from Thursday and CNY 12/t high…
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Anonymous
Very good overview of the weekly steel market.
Anonymous