23
Jul
14:34
Chinese rebar gains on output restriction news
News of production restrictions led to a strengthening of the Chinese steel market last week, as government requirements for production control spread to more provinces, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,200-5,220/tonne ($803-806/t), up by CNY 120/t from the week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,671/t, CNY 23/t higher 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