28
Sep
12:36
Chinese rebar market rebounds before holiday
China's rebar market fell first and then rebounded during this week, and demand for restocking before the Mid-Autumn Festival and National Day holidays finally arrived.
In Shanghai on Thursday afternoon, 20mm HRB400 rebar was trading at CNY 3,700-3,720/tonne ($506-509/t), level from last week, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,690/t, up CNY 8/t compared with Thursday but CNY 89/t lower fro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous