05
Jan
12:47
Chinese rebar drops, mills hold offers
The eastern China rebar market saw trading gradually slow in the first week of 2024, with steel mills increasing maintenance to reduce supply pressure.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,900-3,920/tonne ($545-548/t), down CNY 20/t on-week, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,979/t, down CNY 67/t compared with Thursday and CNY 23/t lower from the previous Friday.
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Anonymous
Very good overview of the weekly steel market.
Anonymous