17
Feb
15:12
Chinese rebar gains on recovering demand
Trading in China's construction steel market picked up last week, with futures companies building up inventories, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,040-4,060/tonne ($587-590/t), up CNY 20/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,167/t, up by CNY 21/t compared with Thursday and gaining CNY 93/t from a week before.
At the…
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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