27
Aug
10:36
Chinese rebar rebounds with strong futures market
The Chinese rebar market rebounded last week on strong futures prices. Spot market demand however is not as strong as expected, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,050-5,070/tonne ($779-782/t), up CNY 100/t from the week before. On the Shanghai Futures Exchange on Friday the January 2022 rebar contract closed CNY 114/t higher than Thursday at CNY 5,222/t, and CNY 122/t higher than last F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous