25
Oct
08:44
Chinese rebar declines with negative sentiment
China's rebar market prices dropped slightly last week and transactions were basically flat compared to the previous week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,600-3,610/tonne ($509-511/t), down CNY 5/t from last Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,344/t, CNY 26/t higher from the previous day and CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous