05
Aug
13:44
Chinese rebar rises amid volatility
The frequent fluctuations in China's construction steel market last week disrupted the purchasing rhythm in the spot market. The central government is meanwhile increasing oversight of coal and coking companies, sparking market concerns that prices could drop again, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,000-4,020/tonne ($593-596/t), up CNY 100/t on-week. The October rebar contract on the Shanghai Fut…
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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