20
Aug
08:46
Chinese rebar pulls out of slump
Chinese rebar prices plummeted last week, but a recovery in market sentiment helped futures prices to rise on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,950-4,970/tonne ($761-764/t), down CNY 150/t from the week before. On the Shanghai Futures Exchange on Friday the January 2022 rebar contract closed CNY 83/t higher than Thursday at CNY 5,100/t, but CNY 382/t lower than last Friday.
From Monday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous