03
Jan
10:47
Chinese rebar prices rebound slightly
Chinese rebar prices ended their period of downwards movement since mid-November 2019 and have started to pick up, despite rebar inventories having continued to increase, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,640-3,650/tonne ($522-524/t), up CNY 10/t from the previous Friday. On the Shanghai Futures Exchange meanwhile, the rebar contract for May 2020 closed at CNY 3,543/t, CNY 2/t higher from t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous