29
Jan
09:28
Chinese rebar remains stable, market stagnates
The Chinese rebar market has entered a winter rest period, with traders reducing market purchases to a minimum by last Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,200-4,220/tonne ($651-654/t), unchanged from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2021 closed at CNY 4,267/t. This was CNY 12/t lower compared with Thursday and CNY 27/t lower th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous