14
Oct
09:54
Chinese rebar slumps after holiday
The rebar market price in China has gradually dropped after the market returned from the October holiday, and market demand has weakened again under the blow of Covid blockades.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,820-3,840/tonne ($531-534/t), down by CNY 80/t on-week. The January 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,759/t, down by CNY 116/t compared with Thursday and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous