17
Jan
09:32
Chinese rebar prices pick up but demand weakens
China's rebar market increased slightly before the Chinese New Year holiday, although demand remains sluggish, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,640-3,660/tonne ($530-533/t), up by CNY 5/t from the previous Friday. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 closed at CNY 3,595/t, CNY 24/t higher from the last Friday and CNY 30/t higher than Thu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous