20
Dec
09:54
Chinese rebar prices decline on negative outlook
Chinese rebar prices remain weak and market participants are expecting lower offers from steel mills week commencing 23 December, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,700-3,720/tonne ($528-531/t), down CNY 80/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2020 closed at CNY 3,507/t, CNY 16/t lower from the last Friday and CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous