22
Dec
14:13
Chinese rebar rebounds, mills cut offers
The construction steel market in eastern China heated up slightly last week, but demand was lower than expected. This led steel mills to lose confidence in the price trend at year-end.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,920-3,940/tonne ($549-552/t), up CNY 20/t from last week, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 4,004/t, up CNY 16/t compared with Thursday and CNY 8…
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Anonymous
Very good overview of the weekly steel market.
Anonymous