30
Apr
10:14
Chinese rebar soars before holiday
Chinese rebar prices have gained on demand released ahead of the holiday, despite a loss in confidence on Friday in futures markets, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,110-5,130/tonne ($789-792/t), up by CNY 145/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,391/t, CNY 61/t lower compared with Thursday but CNY 92/t higher than the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous