19
Jan
11:11
Chinese rebar declines with lower output in 2023
Chinese construction steel prices remained weak for much of last week. Although China announced that its GDP growth rate in 2023 was 5.2%, this triggered short selling in the capital market and subsequently hit the performance of commodity markets.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,810-3,830/tonne ($529-532/t), down CNY 40/t on-week, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous