29
Dec
14:28
Chinese rebar declines on weaker expectations
Chinese rebar has maintained a downward trend in the past week. Demand has dispersed, and traders expect little boost in the near future.
In Shanghai on Tuesday afternoon, 20mm HRB400 rebar was trading at CNY 4,380-4,400/tonne ($671-674/t), down CNY 60/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2021 closed at CNY 4,234/t. This was CNY 10/t lower compared with Monday and CNY 49/t lower …
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Anonymous
Very good overview of the weekly steel market.
Anonymous