04
Jun
12:26
Chinese rebar gains on speculation
China's rebar prices have continued to rebound, driven by the positive performance of the futures market. Market transactions have remained steady, however, and a decline in construction steel demand is expected, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,900-4,920/tonne ($764-767/t), up by CNY 185/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,159/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous