07
Feb
09:30
Chinese rebar prices fall as demand remains weak
China's rebar prices continue to fall as the expected rebound in demand has failed to materialise due to the delay in the resumption of work, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,400-3,420/tonne ($487-490/t), down CNY 160/t from last week. On the Shanghai Futures Exchange, meanwhile, the rebar contract for May 2020 closed at CNY 3,325/t, CNY 21/t higher from Thursday but CNY 175/t lower co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous