21
Apr
08:28
China's rebar slumps despite production cuts
China's construction steel market has once again hit a slump, especially as a collapse in iron ore futures hit ferrous metals last Friday.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,780-3,800/tonne ($548-551/t), down by another CNY 100/t on-week. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,810/t, shrinking by CNY 103/t compared with Thursday and reach…
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Anonymous
Very good overview of the weekly steel market.
Anonymous