27
May
14:00
Chinese rebar sinks to 14-month low
Chinese rebar prices hit their lowest level in the past 14 months, as officials continued to roll out policies to try to bolster the economy, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,550-4,570/tonne ($679-682/t), down by CNY 35/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,576/t, up by CNY 71/t compared with Thursday but down CNY 62/t from the pre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous