19
Apr
10:25
Chinese rebar fluctuates higher
China's construction steel market rallied amid volatility during last week. Buyers maintain confidence in the market with expectations of restocking demand for the Labor Day holiday.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,510-3,530/tonne ($484-487/t), rebounding by CNY 60/t from last Friday, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,675/t on the same day, down by C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous