29
Apr
14:47
Chinese rebar slumps before holiday
Chinese rebar prices retreated ahead of the May Day holiday, even as traders hold relatively optimistic expectations for post-holiday demand, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,780-4,800/tonne ($725-728/t), down by CNY 50/t from a week earlier. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,910/t, up by CNY 60/t compared with Thursday but down CNY 54/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous