06
Nov
10:47
Chinese rebar jumps on demand boost
The Chinese rebar market performed extremely strongly last week, and rising demand for construction steel has led to positive expectations for prices, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,790-3,810/tonne ($572-575/t), up CNY 145/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,782/t, which was CNY 34/t higher compared with Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous