19
May
07:28
Chinese rebar rebounds on demand
The Chinese rebar market returned to decline last Friday after seeing a brief recovery early last week.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,530-3,560/tonne ($502-506/t), up by CNY 50/t on-week. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,645/t, down by CNY 42/t compared with Thursday but CNY 66/t higher from the week before.
Positive signals from the central governme…
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Anonymous
Very good overview of the weekly steel market.
Anonymous