31
May
09:59
Chinese rebar market loses confidence
China's construction steel market showed a downward trend last week, and market participants turned conservative in their expectations for the second quarter.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,550-3,570/tonne ($490-492/t), down by CNY 80/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,706/t on the same day, down by CNY 30/t compared with Thursday and CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous