08
Aug
12:48
Chinese rebar slumps on Covid-19 uncertainty
The Chinese construction steel market fell sharply last week. A decline in market transactions has made Chinese traders take a conservative attitude, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,100-5,120/tonne ($787-790/t), down by CNY 100/t from the week before. On the Shanghai Futures Exchange on Monday the October rebar contract closed CNY 49/t lower than the previous Friday at CNY 5,330/t, and the same contract…
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