17
Nov
08:40
Chinese rebar hikes slow on growing arrivals
China's rebar market first rose and then fell last week. Arrivals from northern steel mills topped up shortages in eastern China and eased the tight market supply.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($538-541/t), gaining CNY 20/t from a week before, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,929/t, down CNY 43/t compared with Thursday but CNY 50/…
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Kallanish Asia
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