01
Dec
10:22
Chinese rebar prices diverge from futures
Spot trading prices for Chinese rebar diverged from futures last week. Eastern China's major long steel producers kept their offers firm to reflect unchanging demand.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($546-549/t), stable from a week before, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,976/t, up CNY 63/t compared with Thursday but CNY 53/t lower f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous