15
Jan
13:36
Chinese rebar pulls out of slide
China's steel market continued to weaken in the first half of January but regained some confidence by the end of last week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,210-4,230/tonne ($650-653/t), down CNY 135/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2021 closed at CNY 4,360/t. This was CNY 66/t higher compared with Thursday but CNY 127/t l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous