28
Apr
12:57
China's rebar market sinks into swamp
China's rebar market continued to decline last week under the double drag of futures and spot market weakness, while restocking demand fell, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,670-3,690/tonne ($530-533/t), down by CNY 110/t on-week. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,660/t, declining by CNY 31/t compared with Thursday and down CNY 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous