28
Aug
12:19
Chinese rebar rises on demand
The Chinese rebar spot market regained confidence on Friday after a week of struggling, and spot transactions and prices were boosted, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,610-3,620/tonne ($526-527/t), up CNY 20/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for January 2021 closed at CNY 3,734/t, CNY 3/t higher compared with last Friday and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous