21
Feb
09:04
Chinese rebar prices begin to rise
Rebar prices in China have risen slightly over the last week, stimulated by expectations that end users should be returning to work. Actual demand is still limited however, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,370-3,400/tonne ($479-483/t), up CNY 15/t from last week. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 closed at CNY 3,485/t, CNY 25/t highe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous