02
Jul
14:59
Chinese rebar declines as anniversary boost fades
The Chinese rebar market fell last week, although China's political celebrations gave some support, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,700-4,720/tonne ($725-728/t), down by CNY 20/t from the week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,124/t, CNY 22/t lower compared with Thursday but CNY 58/t higher than the previous Friday.
The reba…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous