12
Apr
12:58
Chinese rebar rebounds on speculative demand
China's construction steel market rebounded last week, with both futures and spot trading seeing a resumption of transactions and a return of confidence.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,450-3,470/tonne ($476-479/t), rebounding by CNY 120/t from last Friday, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,628/t on the same day, up by CNY 15/t compared with Thursday…
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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