29
Nov
07:41
Chinese rebar turns down on supply and demand
China's rebar market ended the dramatic increase of the past few weeks and started to slip as supply increased and demand softened, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,980-4,000/tonne ($566-569/t), down CNY 80/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the January rebar contract closed at CNY 3,620/t, CNY 35/t lower from the last Friday but CNY 2/t hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous