10
Apr
11:37
Chinese rebar prices recover as supply levels off
Driven by the strong local rebar futures market, Chinese rebar spot prices saw a rebound last week. The increase in demand and stabilisation in supply are also benefitting prices for the product, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,370-3,390/tonne ($479-482/t), up CNY 60/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for October 2020 closed at CNY 3,373/t, CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous