01
Sep
09:41
Chinese rebar moves up on policy support
East China's construction steel market opened low and moved high last week, especially once support from real estate policies again boosted market confidence.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,650/tonne ($500-502/t), up CNY 10/t from last week, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,778/t, up CNY 38/t compared with Thursday and CNY 62/t from…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous