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21 Jun

Chinese rebar falls in weak market

China's construction steel market fell amid volatility last week, with weakening market confidence prompting prices to decline continuously. In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,440-3,460/tonne ($473-476/t), down by CNY 35/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,563/t on the same day, declining by CNY 34/t compared with Thursday and CNY 74/t lower fr…
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