23
Feb
13:31
Chinese rebar declines on weak post-holiday demand
China's steel market is seeing prices take a hit from waning confidence in demand in its first trading week after the Lunar New Year holiday.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,810-3,830/tonne ($529-532/t), down CNY 20/t from prices before the holiday, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,790/t on Friday, down by CNY 7/t compared with Thursday and CNY 64/t low…
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Anonymous
Very good overview of the weekly steel market.
Anonymous