22
Jan
11:15
Chinese rebar drops on weaker outlook
China's rebar demand has fallen to freezing point and prices have continued to drift lower. The market is likely to remain inactive with falling prices until restocking resumes to stimulate trading, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,200-4,220/tonne ($648-651/t), down CNY 10/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2021 closed at&n…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous