31
Dec
13:45
Chinese rebar rises ahead of holiday
The Chinese rebar market remained strong in the last week before the New Year's Day holiday, with firmer sentiment leading to higher prices.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,910-3,930/tonne ($567-570/t), up CNY 60/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,105/t, up by CNY 57/t compared with Thursday and rose CNY 100/t from the previous Friday.&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous