14
May
11:09
Chinese rebar narrows the increase on declining trend
The Chinese rebar market plunged on Friday after rising to a peak earlier last week. The government's call to control commodity prices has led to a loss of confidence in the market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,520-5,530/tonne ($856-858/t), up by CNY 150/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,641/t, CNY 274/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous