27
Nov
09:53
Chinese rebar turns down on demand
After successively breaking price records for 2020 and the past two years, the spot price of Chinese rebar has begun to fall, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,040-4,050/tonne ($614-615/t), down CNY 75/t from the previous week. On the Shanghai Futures Exchange meanwhile, the rebar contract for January 2021 closed at CNY 3,924/t, which was CNY 40/t higher compared with Thursday but CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous