12
Jul
13:13
Chinese rebar prices hit seven-year low
China's rebar market plunged to a seven-year low last week following a series of declines. Weak demand and inventory pressure have kept the construction steel market mired in poor performance.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,300-3,320/tonne ($455-457/t), down CNY 70/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,523/t on the same day, up by CNY 9/t com…
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Anonymous
Very good overview of the weekly steel market.
Anonymous