02
Dec
09:34
Chinese rebar stabilizes on output cut expectations
Chinese rebar prices were flat last week amid volatility, as policy stimulus did not immediately impact spot market demand.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,650/tonne ($516-519/t), unchanged on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,808/t, increasing by CNY 75/t compared with Thursday and up CNY 72/t from the previous Friday.
The relax…
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Anonymous
Very good overview of the weekly steel market.
Anonymous