03
Jul
13:32
Chinese rebar drops on weak demand
Chinese rebar market prices continued to decline last week as demand fell. However, the rebound in demand on Friday only supported the market's short-term rise, Kallanish notes.
In Shanghai on Wednesday afternoon, 20mm HRB400 rebar was trading at CNY 3,450-3,460/tonne ($488-490/t), down CNY 50/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,616/t, CNY 4/t lower compared w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous