16
Oct
11:04
Chinese rebar declines amid rain
The strong post-holiday performance of the Chinese rebar market came to an end last week, with prices falling due to limited demand. The market turned up on Friday, however, and prices stopped their decline, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,600-3,610/tonne ($537-539/t), down CNY 10/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous