China’s spot rebar prices stable after holiday

China’s spot rebar prices remained unchanged on Friday February 3 amid inactivity following mixed signals from a sharp drop in the futures market and a major mill’s roll-over of its ex-works prices.


Key drivers
Futures experienced a sharp drop on the first trading day after the Chinese New Year holiday amid high inventories of billet and rebar.

The weak futures, coupled with Shagang rolling over its list prices for long steel, kept the...

Published

Jessica Zong

February 03, 2017

08:57 GMT

Shanghai