05
May
11:15
Chinese rebar extends decline after holiday
The Chinese rebar market extended losses in the first days after China returned from holidays. This also marks a new low for prices in the past six months, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,540-3,560/tonne ($512-515/t), down by CNY 130/t on-week. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,622/t, rebounding by CNY 7/t compared with Thursday but…
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