11
Nov
10:18
Chinese rebar picks up on improving sentiment
Expectations for China's rebar market strengthened last week as the central government's stimulus measures for the real estate sector intensified.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,570-3,590/tonne ($501-504/t), up by CNY 35/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,637/t, rising by CNY 99/t compared with Thursday and up CNY 75/t from the pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous