04
Dec
10:17
Chinese rebar continues decline
Chinese rebar prices continued to fall in the last week. Pressure on both supply and demand sides led to negative market expectations, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,910-3,930/tonne ($599-602/t), down CNY 125/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,900/t. This was CNY 34/t higher compared with Thursday but …
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Anonymous
Very good overview of the weekly steel market.
Anonymous