26
Jul
11:38
Chinese rebar prices continue to collapse
China's rebar prices fell again last week to levels last seen in January 2017, although futures markets rebounded late last week.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,120-3,150/tonne ($430-4434/t), down CNY 125/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,371/t on the same day, up by CNY 42/t compared with Thursday and CNY 108/t lower from a week before.
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Anonymous
Very good overview of the weekly steel market.
Anonymous