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20 May
09:03

Rebar futures hit 2.5-month high

Chinese rebar and hot rolled coil futures rose on Monday as the stimulus effect of last week’s real estate policies continued, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2024 rebar contract closed at CNY 3,735/tonne ($516/t) on Monday, up CNY 19/t compared with the prior trading day. The same contract for HRC gained CNY 16/t to CNY 3,865/t. The market was still benefiting fro…
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