22
May
05:21
Chinese rebar gains on positive outlook
The Chinese rebar market rose sharply last week due to positive expectations, even though spot market transactions had not been significantly improved. Offers fell back again on Friday when expectations of stimulus were disappointed, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,520-3,530/tonne ($495-496/t), up CNY 85/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract …
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Anonymous
Very good overview of the weekly steel market.
Anonymous