16
Sep
13:00
Typhoon hits Chinese rebar prices
The Chinese rebar market fell under the blow of the typhoon across eastern China. Although the typhoon left late last week, market demand remained low, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,800-3,820/tonne ($542-545/t), down CNY 80/t on-week. The October rebar contract on the Shanghai Futures Exchange closed at CNY 3,686/t, declining by CNY 36/t compared with Thursday and CNY 105/t from the pre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous