20
Nov
10:11
Chinese rebar hits two-year high
The Chinese rebar market continued to rise sharply last week alongside surging futures prices, reaching a new high for the past two years, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,110-4,130/tonne ($626-629/t), up CNY 145/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,977/t, which was CNY 37/t higher compared with Thursday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous