31
Jul
10:05
Chinese rebar prices fall back
The Chinese rebar market fell back on Friday, even though the futures market ended higher, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,530-3,540/tonne ($505-506/t), down CNY 25/t from the previous week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for October 2020 closed at CNY 3,777/t, CNY 30/t higher compared with last Friday and CNY 10/t higher than Thursday.
Reb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous