01
Nov
08:24
Chinese rebar rebounds as mills lift prices
China's rebar market prices strengthened last week and transaction levels also increased, traders tell Kallanish. Some eastern Chinese mills lifted rebar prices modestly, meanwhile, but Shagang held its prices steady.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,670-3,690/tonne ($521-524/t), up CNY 75/t from last Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,380/…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous