15
Nov
08:41
Chinese rebar jumps on tight supply
Spot market prices for Chinese rebar increased sharply last week, and active market transactions caused shortages of certain specifications, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,860-3,880/tonne ($551-554/t), up CNY 160/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,545/t, CNY 34/t higher from the previous day and CNY 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous