01
May
14:13
Chinese rebar prices show confidence ahead of holiday
Chinese rebar traders were increasing prices steadily through Friday ahead of the three-day Labour Day weekend. They were given added confidence from Friday and over the weekend by mills announcing higher ex-works prices for the first ten days of May, Kallanish notes.
In Shanghai on Friday, 20mm HRB400 rebar was trading at CNY 3,300-3,330/tonne ($479-483/t), up CNY 150/t week-on-week. On the Shanghai Futures Exchange meanwhile, the October rebar contract closed …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous