Tag: Currency depreciates

Chinese rebar export offers are at USD 302.5/MT, recording a 1-month low, as Chinese currency depreciates by around 2.8% in Aug’15. Chinese rebar export offers fell by around USD 25/MT M-o-M and by USD 10-15/MT W-o-W. Currently, Chinese rebar is at INR USD 302.5/MT, FOB. This reflects the continuous weak demand in the country’s domestic…