08
Mar
12:05
China's rebar slumps with market warnings
China's construction steel market continued its sharp decline last week. This was despite strong Chinese steel exports, which have been easing supply pressure on the domestic market.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,570-3,600/tonne ($496-500/t), down CNY 125/t from last Friday, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,691/t on Friday, down by CNY 17/t compared w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous