23
Dec
14:02
China’s rebar prices return to decline
Chinese rebar prices first rose and then fell this week. Supply increased but demand remained flat, causing rebar prices to decline under pressure, Kallanish notes.
In Shanghai on Thursday afternoon, 20mm HRB400 rebar was trading at CNY 4,660-4,680/tonne ($731-734/t), down by CNY 60/t from the previous Friday. On the Shanghai Futures Exchange on Thursday, the May 2022 rebar contract closed at CNY 4,479/t, up by CNY 41/t compared with Wedne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous