08
Sep
11:15
Chinese rebar gains on property stimulus
China's rebar prices recovered last week as Chinese property sales rebounded amid stimulus policies.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,650-3,670/tonne ($497-500/t), up CNY 20/t from last week, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,717/t, down CNY 78/t compared with Thursday and CNY 61/t lower from the previous Friday.
The Chinese government announced a we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous