01
Dec
14:00
East Asian rebar market rises on improved sentiment
Exporters of long products to East Asia are firm in response to a more optimistic market this week, Kallanish understands. Market sentiment is positive on anticipation that the Chinese authorities are loosening stringent Covid curbs, as well as an announcement that hikes in interest rates will be smaller than expected in the US.
A Malaysian mill’s offer for theoretical-weight rebar was lifted to $570/tonne delivered to Singapore, from around …
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Anonymous
Very good overview of the weekly steel market.
Anonymous