20
Sep
08:46
Chinese rebar prices decline despite falling inventory
Chinese rebar prices turned down again over last week even though inventories have continued to fall, Kallanish notes.
In Shanghai on Thursday afternoon, 20mm HRB400 rebar was trading at CNY 3,570-3,590/tonne ($504-507/t), down CNY 60/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,388/t, CNY 9/t lower from the previous day but CNY 161/t lower than last…
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Anonymous
Very good overview of the weekly steel market.
Anonymous