13
Nov
10:16
Chinese rebar hits 2020 peak
China's rebar market prices saw another jump last week, but market participants' expectations have cooled down slightly, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,970-3,980/tonne ($600-602/t), up CNY 175/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,840/t, which was only CNY 8/t higher compared with Thursday a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous