13
Oct
12:06
China's rebar market collapses after holiday
Chinese construction steel prices experienced a rapid collapse after China's National Day holidays, with weak market sales forcing steel mills to start cutting production.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,600-3,620/tonne ($492-495/t), down CNY 100/t from 28 September, Kallanish assesses. The January 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,620/t, down CNY 7/t compared with Thursday and CNY…
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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