10
May
12:28
Chinese rebar declines on slowing demand
China's construction steel market fell last week, with a brief post-holiday rally dragged lower by a streak of losses later in the week.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,480-3,500/tonne ($481-484/t), down CNY 45/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,662/t on the same day, down by CNY 15/t compared with Thursday but CNY 6/t higher from a week be…
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Anonymous
Very good overview of the weekly steel market.
Anonymous