21
May
10:01
Chinese rebar declines over $80 on-week
China's rebar prices slumped sharply last week following continuous statements from the central government on inflation. Steel mills however have been adjusting ex-works prices more slowly.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,980-5,000/tonne ($774-777), down by CNY 535/t from a week before. On the Shanghai Futures Exchange, the rebar contract for October 2021 closed at CNY 5,112/t, CNY 74/t lower compared…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous