22
Oct
10:24
Panic hits China's rebar market
The Chinese rebar market collapsed sharply last week, and chaotic market transaction prices led to negative sentiment, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 5,300-5,320/tonne ($829-832/t), down CNY 420/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY 4,900/t, down CNY 76/t compared with Thursday and down CNY 615/t compared …
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Anonymous
Very good overview of the weekly steel market.
Anonymous