09
Jul
14:57
Chinese rebar gains on speculation
The Chinese steel market rebounded strongly last week, and skyrocketing futures drove the release of speculative demand and stimulated the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,910-4,930/tonne ($757-761/t), up by CNY 210/t from the week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,428/t, CNY 35/t higher compared with Thursday and&nbs…
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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