24
Mar
10:01
China's rebar drops on weak sentiment
Chinese rebar prices fell last week on missing demand, and the steel market tried to fight back in a fog.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,020-4,050/tonne ($584-589/t), down CNY 125/t on-week. The May 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 4,107/t, up by CNY 37/t compared with Thursday but lost CNY 155/t from a week before.
The crisis in the banking system, interest r…
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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