27
Sep
12:58
Chinese rebar prices recover slightly on demand
The Chinese rebar market rose sharply last week on restocking demand before the October holiday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,690-3,710/tonne ($520-523/t), up CNY 120/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,437/t, CNY 8/t lower from the previous day but CNY 49/t higher than last Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous