21
Jul
11:37
Chinese rebar gains on firm raw material prices
Chinese construction steel prices rose slightly last week, with a jump in coke prices supporting the steel market.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,650/tonne ($505-508/t), up CNY 10/t again from the previous week, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,823/t, up by CNY 39/t compared with Thursday and CNY 49/t higher from last Friday.
Market tr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous