29
Mar
08:55
China's rebar hits new low
China's rebar market has been volatile over the last week, with a dive in the spot market triggered by a quick turn in futures market. This sent rebar prices near their recent one-year low.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,370-3,390/tonne ($466-469/t), slumping by CNY 110/t from last Friday, Kallanish assesses. The May 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,412/t on Friday, down by CNY 6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous