SteelMint

Category: Rebar

  • China: Is there a bottom for ferrous commodities?

    China: Is there a bottom for ferrous commodities?

    —

    by

    Nidhi Awasthi
    in ,

    Horizon Insights: The domestic steel prices in China have witnessed a decline this week. Chinese rebar prices have fallen by RMB 160/t ($22/t) w-o-w, while HRC prices have fallen by RMB 120/t ($17/t). On monthly basis, rebar price have come down by RMB 130/t ($18/t) and HRC price have come down by RMB 84/t ($12/t).…