18
Oct
07:08
Chinese rebar prices continue to fall despite restrictions
China's spot market demand for rebar did not improve last week, meaning prices continued to fall even though a series of production restrictions have been announced, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,600-3,620/tonne ($508-511/t), down CNY 80/t from the Friday before the October holiday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous