24
Sep
11:52
China's rebar peaks but sentiment weakens
The Chinese rebar market continued to rise sharply last week under the impetus of production restrictions. Traders have begun to cash in profitable inventories, however, as they have weaker expectations for the coming week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,650-5,670/tonne ($874-877/t), up CNY 100/t from the week before. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous