10
May
09:52
Chinese rebar futures strengthen again
Chinese steel futures strengthened as did the spread between rebar and hot rolled coil on Wednesday. On the spot market rebar prices seem firmer than those for HRC, although deals for both products were many during the day, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,077/tonne ($445.52/t), up CNY 76/t, while the same contract for hot rolled coil closed down CNY 32/t at CNY 2,930/t. Rebar futures picked up fol…
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Anonymous
Very good overview of the weekly steel market.
Anonymous