28
Feb
11:26
Chinese rebar prices fall back on weak demand
China's rebar market has dipped over the last week due weak demand, higher inventories and the impact of falling global steel market confidence. Spot traders have lowered their offers but downstream demand is sluggish, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,360-3,390/tonne ($479-483/t), down CNY 10/t from last week. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous