27
Dec
17:09
Chinese rebar prices fall as inventory builds up
China's rebar market continued to decline steadily last week while inventories were building up, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,630-3,640/tonne ($519-520/t), down CNY 75/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2020 closed at CNY 3,541/t, CNY 34/t higher from the last Friday and CNY 12/t higher than Thursday.
Rebar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous