10
Dec
10:31
China's rebar falls back on supply pressure
China's rebar prices first rose and then fell last week. Although inventories have fallen, shipments from northern China have caused oversupply in the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,620-4,640/tonne ($726-729/t), down by CNY 10/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the May 2022 rebar contract closed at CNY 4,322/t, up CNY 29/t compared with Thursda…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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