17
May
09:22
Chinese rebar rebounds on real estate stimulus
China's construction steel market rebounded last week as the announcement of several policies to stimulate the real estate market boosted market confidence.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,550-3,570/tonne ($491-494/t), up CNY 70/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,710/t on the same day, up by CNY 7/t compared with Thursday and CNY 54/t highe…
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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