03
Mar
11:22
Chinese rebar remains unchanged during Two Sessions meeting
China's construction steel market has recovered from weakness at the start of last week. Actual turnover in the spot market was almost stable compared with the level of one week earlier, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,130-4,150/tonne ($598-601/t), unchanged on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,272/t, up by CNY 47/t compa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous