30
Apr
11:12
Chinese rebar gains on traders' expectations
China's construction steel market has seen lacklustre demand in the two trading days of this week, with the Chinese market entering the Labor Day holiday starting this Wednesday.
In Shanghai on Tuesday afternoon, 20mm HRB400 rebar was trading at CNY 3,520-3,550/tonne ($486-490/t), up CNY 10/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,656/t on the same day, down by CNY 19/t compared with M…
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Anonymous
Very good overview of the weekly steel market.
Anonymous