12
Nov
09:20
China's rebar declines despite short rebound
Chinese rebar rebounded late last week under the influence of various factors, but this only narrowed the decline over the week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,660-4,680/tonne ($729-732/t), down CNY 100/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY 4,249/t, down CNY 194/t compared with Thursday but up CNY 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous