03
Apr
11:50
Chinese rebar prices fall despite inventory decline
Chinese rebar market prices are continuing to fall, even though market inventories have been declining, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,310-3,330/tonne ($467-470/t), down CNY 60/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for October 2020 closed at CNY 3,189t, CNY 40/t lower from Thursday and CNY 140/t lower week-on-week.
Market transactions h…
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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