03
Nov
13:39
Chinese rebar pricing gains on demand recovery
China's rebar market continued its upward trend last week, with stronger confidence in the futures market and a rebound in spot market transactions driving prices up.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,800-3,820/tonne ($519-522/t), gaining CNY 100/t from a week before, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,805/t, up CNY 49/t compared with Thursday and CNY 8…
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Anonymous
Very good overview of the weekly steel market.
Anonymous