26
Feb
10:16
Chinese rebar gains on recovering demand
The Chinese rebar market rebounded last week amid the strong futures price uptrend. Spot market prices also increased, supported by recovering demand, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,510-4,520/tonne ($677-682/t), up by CNY 130/t from before the Chinese New Year holiday. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2021 closed at CNY 4,677/t. This was CNY 9/t lower co…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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