02
Feb
10:02
Rebar decline accelerates amid negative macro sentiment
Chinese hot rolled coil futures kept falling on Tuesday, and rebar fell at an even faster pace than on Monday. The rebar demand outlook is being undermined by the introduction of real estate control measures, Kallanish notes.
On 2 February on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 67/tonne lower than Monday at CNY 4,154/t ($644/t), while the same contract for HRC closed down CNY 35/t at CNY 4,307/t. In Tangshan, b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous