24
May
08:30
Chinese rebar gains on firm expectations
China's construction steel market continued its upward trend last week, but steel mills have resumed production.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,650/tonne ($501-503/t), up CNY 80/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,788/t on the same day, up by CNY 13/t compared with Thursday and CNY 78/t higher from a week before.
Spot market trading …
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Anonymous
Very good overview of the weekly steel market.
Anonymous