Copying and distributing are prohibited without permission of the publisher

***CHINA STEEL WRAP: Rebar up on Shagang price hike, better PMI

September 01, 2010 - 09:49 GMT Location: Shanghai

Shanghai rebar futures rebounded on Wednesday, after Shagang hiked its rebar ex-works prices by 100 yuan ($15) per tonne and China's August manufacturing activity recovered.

+ SSEC Nov HRC up 0.6% to 4,285 yuan ($629) +Shagang raises rebar price by 100 yuan ($15) Shanghai rebar futures rebounded on Wednesday, after Shagang hiked its rebar ex-works prices by 100 yuan ($15) per tonne and China's August manufacturing activity recovered. January rebar closed at 4,352 yuan per tonne on the Shanghai Futures Exchange, up 0.9% from Tuesday. "Other steel mills are expected to follow Shagang to...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Carbon Steel Long Products

Feb 10, 2012 16:40 LME steel billet contract finishes week with second day of decline
Feb 10, 2012 15:35 Turkish mini-mills lower domestic billet prices by $20 on lower scrap costs
Feb 10, 2012 13:54 Mexico’s Tyasa orders 1.2 million tpy Siemens’ Simetal EAF Quantum furnace
Feb 10, 2012 12:03 Turkish merchant bar exporters slash prices by $20 on softening scrap costs
Feb 10, 2012 09:49 Spanish group plans steel rolling mill in Brazil's Ceará state

Carbon Steel Flat Products

Feb 10, 2012 15:30 Colombia's flat steel prices stable, uptrend in sight
Feb 10, 2012 09:49 Spanish group plans steel rolling mill in Brazil's Ceará state
Feb 10, 2012 07:50 Baosteel raises March prices by 100-350 yuan
Feb 10, 2012 04:50 China's January steel exports unchanged month-on-month
Feb 9, 2012 23:31 Evraz NA receives go-ahead to build baghouse

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.