20
Mar
09:54
Chinese rebar rebounds on recovering demand
China's rebar market has seen prices recover as demand steadily picks up, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,450-3,470/tonne ($489-492/t), up CNY 85/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 closed at CNY 3,483/t, CNY 45/t lower from Thursday but CNY 42/t higher week-on-week.
Spot market traders say that, as more and more companies…
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Anonymous
Very good overview of the weekly steel market.
Anonymous