07
Jul
12:26
Chinese rebar falls on slow buying
China's rebar market was in a slow declining trend last week, with transactions impacted by depressed demand due to high temperatures.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,650/tonne ($501-504/t), down another CNY 10/t, Kallanish assesses. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,671/t, down by CNY 87/t compared with Thursday and CNY 50/t lower from last Friday.
Hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous