China’s spot rebar prices fall further on futures, billet loss

China’s spot rebar prices continued to weaken on Friday June 2 amid drops in the billet and futures markets.

Key drivers
The price drop in the billet market late on Thursday and weak futures on Friday both weighed on spot rebar prices.
However, spot market inventories continued to decrease, which kept traders from making too big a price cut.



Jessica Zong

June 02, 2017

10:12 GMT