18
Mar
10:57
Chinese rebar gains on government stimulus
China's rebar market recovered last week due to favourable policies, but spot sales were exhausted amid the Covid-19 outbreak in Shanghai and surrounding areas, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,760-4,780/tonne ($748-751/t), up by CNY 40/t from a week earlier. On the Shanghai Futures Exchange on the same day, the May 2022 rebar contract closed at CNY 4,953/t, up by CNY 51/t compare…
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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