21
Oct
12:05
Chinese rebar shows weakness during Party Congress
China's rebar market continued to fall last week, until Friday's market transactions rebounded slightly and prices recovered, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,720-3,740/tonne ($513-516/t), down by CNY 100/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,630/t, up by CNY 36/t compared with Thursday but CNY 129/t lower from th…
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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