29
May
09:35
Chinese rebar prices increase slightly on lower demand
Growth in China's rebar demand has not been as strong as the supply increase. Although futures prices strengthened sharply on Friday, spot prices are almost unchanged during the week, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,520-3,540/tonne ($492-495/t), up only CNY 5/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,579/t, CN…
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