22
Nov
09:00
Chinese rebar jumps but outlook weakens
China's rebar market prices soared this week. As developers completed restocking however prices began to correct on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,060-4,080/tonne ($577-580/t), up CNY 200/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,655/t, CNY 36/t higher from the previous day and CNY 110/t higher than a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous