01
Mar
12:05
Chinese rebar slumps, outlook firms
China's construction steel market weakened significantly last week. The delayed demand recovery and weaker raw material markets undermined steel market confidence.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,700-3,720/tonne ($514-517/t), down CNY 110/t from last Friday, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,763/t on Friday, down by CNY 25/t compared with Thursday and CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous