29
Oct
14:33
China's rebar falls on sluggish demand
Chinese rebar prices continued to decline last week with weakend demand and funds in flight from futures markets, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,040-5,060/tonne ($788-791/t), down CNY 260/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY 4,646/t, down CNY 66/t compared with Thursday and down CNY 254/t compared with …
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Anonymous
Very good overview of the weekly steel market.
Anonymous