14
Jun
09:20
Chinese rebar drops with weak sentiment
China's construction steel market weakened last week until a rebound in futures on Friday slightly boosted market confidence.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,470-3,500/tonne ($478-482/t), down by CNY 25/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,637/t on the same day, rebounding by CNY 16/t compared with Thursday but CNY 18/t lower from a week befo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous