24
Jun
15:30
Chinese rebar prices decrease on less demand
The Chinese rebar market continued its decline this week, and traders pessimistically believe demand will not pick up in the short term, Kallanish notes.
In Shanghai on Wednesday afternoon, 20mm HRB400 rebar was trading at CNY 3,500-3,510/tonne ($495-496/t), down CNY 20/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,620/t, CNY 39/t lower week-on-week but CNY 10/t h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous