28
Oct
11:27
China's rebar market falls amid panic
China's rebar market was on a losing streak last week, and market sentiment was negative due to the double blow of futures prices and spot demand, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,620-3,630/tonne ($499-500/t), down by CNY 105/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,490/t, down by CNY 73/t compared with Thursday and CNY 140/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous