04
Nov
12:14
Chinese rebar gains on demand support
China's rebar market has gradually firmed after the price fall early last week, with demand in the spot market steadying prices, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,540-3,550/tonne ($488-490/t), down by CNY 80/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,562/t, rising by CNY 58/t compared with Thursday and up CNY 72/t from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous