26
Mar
10:22
Chinese rebar increases on demand
China's rebar prices saw a greater rebound last week as demand grew stronger, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,580-4,600/tonne ($700-703/t), up by CNY 35/t from a week before. On the Shanghai Futures Exchange the rebar contract for May 2021 closed at CNY 4,934/t, reaching the highest level since August 2011. This was CNY 139/t higher compared with Thursday and CNY 188/t higher than the prev…
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Anonymous
Very good overview of the weekly steel market.
Anonymous