31
Aug
10:40
Chinese rebar falls as traders control rising inventories
Chinese rebar prices fell last week as the bullish sentiment of recent weeks faded. For rebar that has been compounded by an uptick in inventories which has made traders compete for sales, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,275-4,290/tonne ($625-628/t), down CNY 67.5/t from a week earlier. On the Shanghai Futures Exchange on Friday the January 2019 rebar contract closed CNY 32/t lower than Thursday and CNY 24…
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Anonymous
Very good overview of the weekly steel market.
Anonymous