25
Aug
09:34
Chinese rebar holds on unclear trend
Chinese rebar prices were flat last week, but market sentiment fluctuated under the influence of multiple reports.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,620-3,640/tonne ($496-499/t), level from the previous week, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,716/t, rose CNY 28/t compared with Thursday and up CNY 16/t from the previous Friday.
The buying logic i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous