05
Nov
09:02
China's rebar keeps slumping on supply pressure
The Chinese rebar market fluctuated last week amid weak sentiment and an overall downward trend. Futures rebounded in the middle of the week but then returned to falling, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,760-4,780/tonne ($743-746/t), down CNY 280/t from the previous Friday and the lowest since early July. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY …
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