18
Jun
11:37
Chinese rebar returns to decline
China's rebar prices returned to a downward trend last week. At the end of the week the National Development and Reform Commission stated that China's crude steel demand has room for growth by 2025, bolstering sentiment. However, spot markets are expecting further weakness and rebar futures fell again on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,910-4,930/tonne ($762-765/t), down by CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous