18
Sep
10:46
Chinese rebar drops without confidence
The Chinese rebar market has continued to decline with weaker demand and less cost pressure from raw materials, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,570-3,590/tonne ($528-531/t), down CNY 45/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for January 2021 closed at CNY 3,603/t, CNY 62/t lower compared with last Friday but CNY 26/t higher …
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Anonymous
Very good overview of the weekly steel market.
Anonymous