China’s Shanghai Rebar Drops on Fresh Trade Tensions

China’s construction steel rebar prices dipped on Tuesday amid a broad sell-off across commodities, as market sentiment was dampened by a fresh round of Sino-U.S. trade friction. According to a Bloomberg report, the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Trump
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Shanghai rebar steel futures inched up on Tuesday, buoyed by firm demand ahead of winter when construction usually slows in northern China due to frigid conditions and anti-pollution regulations. Stockpiles of steel products at Chinese traders fell by 370,000 tonnes to 10.3 million tonnes in the week to Oct. 19, according to data compiled by
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CHENNAI: NTC Logistics has been recently assigned by a leading company an ODC shipment of reactors from China (Shanghai) to India (Ennore Port) heading towards Ranipet by road. The dimension of the Reactor was 9 x 8.37 x 4.02m weighing around 300 MT. NTC Logistics  was the Chartering Agent, Custom Broker and Transportation agent for
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Shanghai rebar steel futures jumped more than 1 percent on Monday after 10 cities in China’s top steel-producing Hebei province issued second-level smog alerts, prompting industrial plants to cut output. The gains in steel prices also came alongside the rally in Chinese stocks as Beijing pledged support for equity markets and as China prepares to
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Chinese rebar steel futures dropped more than 1 percent to pull back from five-week highs on Thursday as steel producers in China’s top steel-making city of Tangshan boost output despite the start of its winter pollution restrictions two weeks ago. Local officials in Tangshan have yet to issue precise orders on output curbs, prompting mills
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Chinese rebar steel futures pulled back after rising to their strongest in almost four weeks on Tuesday, though the marginal losses suggest the outlook for prices remains firm amid output restrictions as Beijing keeps up its anti-smog fight. Despite forecasts for flat Chinese steel demand next year, analysts say steel prices in the world’s top
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Prices of steel rebar rose on Friday, posting the best week since mid-August as tougher production restrictions in the country’s top steelmaking hub raised concerns about short supplies. Tangshan city on Thursday ordered mills to cut output by half from Oct. 11-18 due to forecasts of adverse weather, according to a city government document. The
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Chinese rebar steel prices edged lower on Monday, hit by concerns of a rise in inventories as trading resumed after a week-long national holiday. Benchmark construction steel rebar prices on the Shanghai Commodity Exchange dipped 0.6 percent to 3,917 yuan ($568.01) a tonne as of 0215 GMT. However, hot-rolled coil contract rose 0.4 percent to
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Chinese steel futures dropped for a fourth straight session on Wednesday, hitting a nearly two-week low, as demand in the world’s top consumer faltered ahead of a week-long holiday. China’s markets will be shut on Oct. 1-5 for the National Day holiday. “The market is slowing down a bit ahead of the holiday,” said a
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Prices for Chinese construction steel rebar rose on Wednesday and were on track for their best one-day performance in over a week, buoyed as the government said it would boost spending on infrastructure. The National Development and Reform Commission (NDRC), the top state planner in the country, said in a news briefing on Tuesday that
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