17
Jun
13:53
China's rebar prices hit 18-month low
The Chinese rebar market was routed last week, hitting the lowest level since mid-February 2021. Lower futures prices added to the pessimism, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,360-4,380/tonne ($650-653/t), down CNY 260/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 4,354/t, down by CNY 152/t compared with Thursday and down CNY 439/t from the p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous