07
Jun
09:24
Chinese rebar slump slows on output cut rumours
China's construction steel market continued to fall last week, but the decline slowed as rumours, which remain unproven, of production restrictions spread in the market.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,500-3,520/tonne ($483-486/t), down by CNY 50/t on-week, Kallanish assesses. The October 2024 rebar contract on the Shanghai Futures Exchange closed at CNY 3,655/t on the same day, down by CNY 10/t compared with Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous