25
Jun
14:01
Production restrictions fail to prop up Chinese rebar
The Chinese rebar market remains weak, despite some production restrictions announced in order to control air quality during the celebration of the 100th anniversary of the Communist Party of China over late-June and early-July, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,720-4,740/tonne ($731-734/t), down by CNY 190/t from the week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 close…
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Anonymous
Very good overview of the weekly steel market.
Anonymous