02
Sep
10:17
Chinese rebar slumps at start of peak season
China's construction steel market has collapsed at the beginning of the country’s "Golden September and Silver October" peak buying season. The steel price slump has unleashed some panic in the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($565-568/t), down CNY 160/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 3,63…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous