06
May
11:49
China’s rebar market awaits demand release
China's rebar market prices remain flat after the Labour Day holiday, with a loss of confidence sending futures prices tumbling on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,780-4,800/tonne ($717-720/t), unchanged from before the holiday. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,734/t, down by CNY 189/t compared with Thursday and losing C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous